Airtel Africa will be joining the Financial Times Stock Exchange (FTSE 100) index with effect from Monday, 31 January 2022.
The FTSE 100 index is a share index of the 100 companies listed on the LSE with the highest market capitalisation.
The CEO of Airtel Africa, Mr Segun Ogunsanyasaid the telco joins the FTSE 100 only two and a half years (June 2019) after listing on the London Stock Exchange.
“This achievement has been on the back of all the hard work and success achieved by everyone at Airtel Africa.”
“We look forward to growing the company further as we continue to sustainably bridge the digital divide, expand financial inclusion and meet the evolving needs of our customers,” he said.
“Airtel Africa is a strong player in the African continent, which has emerged as the next growth frontier globally,” said Sunil Bharti Mittal, Chairman, Bharti Airtel.
For the half-year ended September 30, 2021, Airtel Africa’s revenue grew by 25.2 per cent to $2.27 billion with double-digit growth across all regions.
During the period, its net profit doubled to $335 million, while its leverage reduced to 1.5 times from 2.2 times on a year-on-year basis.
Airtel Africa operates in 14 African countries.