Airtel Africa Plc is joining UKs FTSE 100 (Financial Times Stock Exchange) index Monday 31 January 2022. FTSE 100 index includes the top 100 companies with the highest market capitalisation.
The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group. It is used extensively as a basis for investment products, such as derivatives and exchange-traded funds.
Airtel Africa Plc floated on the London Stock Exchange in June 2019, and has since demonstrated significant growth in its customer base, revenues, profits, margins, and cash generation, as well as strengthening its balance sheet through reduced leverage.
The Group continues to execute its growth strategy to deliver on the significant market potential afforded by the demographics and market dynamics across voice, data and mobile money services.
“I am immensely proud that Airtel Africa will be joining the FTSE 100 only two and a half years after we listed on the London Stock Exchange. ” Segun Ogunsanya, CEO, Airtel Africa, said.
”We continue to invest in our infrastructure and distribution networks across the countries where we operate, supporting their economies and communities. Sustainability is at the core of our strategy, driven by our guiding purpose of ‘Transforming lives’ across Africa, with people, businesses and governments seeking access to more and better connectivity and improved financial inclusion. ” he added.
This achievement he said 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 added.