Airtel Africa plc has disclosed that Airtel Africa Mauritius Limited, a person closely associated with Sunil Bharti Mittal, has acquired 20 million ordinary shares at £1.42 per share. The transaction, conducted on 6 March 2025 on the London Stock Exchange (XLON), amounted to £28.44 million. The acquisition was executed on an upfront purchase basis with a VWAP adjustment.
Airtel Africa Mauritius Limited (AAML), a subsidiary of Bharti Airtel Limited, continues to consolidate its stake in Airtel Africa plc, reflecting strong confidence in the company’s growth prospects. With this transaction, AAML’s ownership in Airtel Africa strengthens, reinforcing Bharti Airtel’s long-term commitment to the African telecommunications and mobile money market.
Airtel Africa operates in 14 countries across sub-Saharan Africa, providing mobile voice, data, and financial services. The company has consistently expanded its presence in the region, catering to millions of subscribers and supporting financial inclusion initiatives.
The investment aligns with Airtel Africa’s strategy to enhance its market position, leveraging the increasing demand for telecommunications and mobile financial services in Africa. As the company continues to grow, it remains focused on improving customer experience, expanding its digital financial ecosystem, and driving shareholder value.
For further inquiries, Airtel Africa’s investor relations team can be contacted at investor.relations@africa.airtel.com.
