Airtel Africa Plc ( (GB:AAF) ) has shared an update.
Airtel Africa Plc has announced a significant increase in its shareholding by Airtel Africa Mauritius Limited, a major shareholder, following the acquisition of additional shares. This acquisition has raised Airtel Africa Mauritius Limited’s stake in Airtel Africa Plc from 57.2929% to 61.7475%. This move is part of a broader strategy to consolidate its position in the African telecommunications market, potentially impacting its market influence and shareholder value.
More about Airtel Africa Plc
Airtel Africa Plc is a telecommunications company operating in the African market, providing mobile services and mobile money services across 14 countries. The company is a subsidiary of Bharti Airtel Limited, which is based in India.
YTD Price Performance: 21.48%
Average Trading Volume: 3,931,421
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.06B
For a thorough assessment of AAF stock, go to TipRanks’ Stock Analysis page.