Airtel Africa (AAF)

Sector:

Telecom Operators

Index:

FTSE 100

105.80p
   
  • Change Today:
      1.00p
  • 52 Week High: 133.70
  • 52 Week Low: 90.70
  • Currency: UK Pounds
  • Shares Issued: 3,750.76m
  • Volume: 4,135,257
  • Market Cap: £3,968.31m
  • RiskGrade: 259

Airtel Africa subsidiary acquires $40m of additional spectrum in Kenya

By Iain Gilbert

Date: Monday 25 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Telecommunications group Airtel Africa's Kenyan subsidiary has purchased 60-megahertz of additional spectrum for $40.0m as part of an effort to support its 4G network capacity expansion in the market for both mobile data and fixed wireless home broadband capabilities.
The FTSE 100-listed group said on Monday that the licence acquired by its Airtel Kenya Networks subsidiary from the Communications Authority of Kenya was in the 2,600-megahertz band.

Airtel Africa, which said the licence will be valid for a period of 15 years, added the purchase would also allow for future 5G rollout, providing "significant capacity" to accommodate the firm's continued strong data growth in the country.

"Airtel Kenya is one of our largest markets by revenue. This investment reflects our continued confidence in the opportunity inherent in the Kenya market, supporting the local communities and economies through furthering digital inclusion and connectivity," said Airtel Africa.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Airtel Africa Market Data

Currency UK Pounds
Share Price 105.80p
Change Today 1.00p
% Change 0.95 %
52 Week High 133.70
52 Week Low 90.70
Volume 4,135,257
Shares Issued 3,750.76m
Market Cap £3,968.31m
RiskGrade 259

Airtel Africa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income Not Available
Growth
12.12% above the market average12.12% above the market average12.12% above the market average12.12% above the market average12.12% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

Airtel Africa Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Nov-23 22-Jun-23
Paid 15-Dec-23 26-Jul-23
Amount 2.38¢ 3.27¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,469,309 @ 105.80p
16:35 767 @ 105.80p
16:35 8,752 @ 105.80p
16:35 10,003 @ 105.80p
16:35 1,825 @ 105.80p

Airtel Africa Key Personnel

Chair Sunil Bharti Mittal

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