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Airtel Africa Plc ( (GB:AAF) ) has shared an announcement.
Airtel Africa reported a robust operational performance for the nine-month period ending December 2024, with significant growth in its customer base and data usage, which led to increased revenues in constant currency terms. Despite challenges such as currency devaluation and increased costs, the company maintained a strong financial position, introducing a second $100 million share buyback program reflecting confidence in future growth. The expansion of network infrastructure and a focus on cost efficiency improved EBITDA margins, while efforts to stabilize currency exposures and leverage ratios signaled a more robust financial strategy. These strategic initiatives are set against a backdrop of rising demand for connectivity in Africa, promising further growth opportunities.
More about Airtel Africa Plc
Airtel Africa is a leading provider of telecommunications and mobile money services, operating in 14 countries across sub-Saharan Africa. The company offers mobile voice and data services along with mobile money services both domestically and internationally, focusing on enhancing customer experience and transforming lives across Africa.
YTD Price Performance: 17.08%
Average Trading Volume: 3,580,777
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.84B
Find detailed analytics on AAF stock on TipRanks’ Stock Analysis page.
