Airtel Africa Asset Profile

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Year established

2010

Location

Nairobi Kenya

Primary Industry

Telecoms

About

Founded in 2010 and based in Nairobi, Kenya, Airtel Africa operates as a telecommunications company that provides high-speed DSL broadband, mobile communications and wireless and fixed-line services in Africa. It is a subdivision of Bharti Airtel Limited. From 2010 to 2015, the company expanded its operation through a series of acquisitions in Africa. In 2019, the company was listed on the London Stock Exchange and NSE. In 2021, the company's business reached 14 countries in Africa. In 2024, the company launched ‘Nxtra by Airtel’ data center business. In March 2024, the company's management acquired 487,985 shares in Airtel Africa from Citigroup for GBP 50.7 million, or GBP 103.94 apiece. The company's operation covers Niger, Chad, Nigeria, Gabon, Congo, Rwanda, Uganda, Kenya, Tanzania, Zambia, Malawi, Seychelles, and Madagascar. The company provides telecommunication solutions in Africa, including voice telecom, data network, mobile payment, and data center services. The company generates revenue by providing telecom services to customers. The investment in 2024 will enable Airtel Africa to reduce share capital, and lower debt and operating costs.

Current Investors

Citigroup, Warburg Pincus, Temasek Holdings

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Primary Industry

Telecoms

Sub Industries

Telecoms Providers & Services

Website

www.africa.airtel.com

Company Stage

Mature

Total Amount Raised

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Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Mar 2018

3,098,000,000

208,800,000

6.7%

31 Mar 2019

18 Mar 2020

3,770,000,000

1,472,200,000

39.1%

1,486,000,000

39.4%

271,000,000

7.2%

31 Mar 2021

31 Mar 2022

31 Mar 2023

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Deals

Deals Type
Sale to Management
Private Placement/Follow on
PIPE
Secondary Buyout
IPO

Deal Status	Target (s)	Deal Date
Completed	Airtel Africa	01 Mar 2024
Completed	Airtel Africa	25 Mar 2022
Completed	Airtel Mobile Commerce BV	18 Mar 2021
Completed	Airtel Africa	18 Mar 2020
Completed	Airtel Africa	28 Jun 2019

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