AIRTEL - Airtel Malawi Plc

Jun 2, 2023 at 13:05 Twitter · Facebook

AIRTEL share price on Malawi Stock Exchange

Airtel Malawi Plc, formerly known as Zain Malawi and before that Celtel Malawi Limited, is a Malawian telecom company incorporated on September 3, 1998 under company registration number 5114 as a private limited company and trades under the brand name Airtel. Airtel became the country’s second mobile service provider with the launch of a GSM network in October 1999. The telecom company began rolling out a GPRS upgrade across its infrastructure in 2006 and a commercial launch of the service took place in October 2007.

In September 2007 Airtel Malawi’s then-parent company, MTC Group of Kuwait, adopted the new name Zain to unify its various brands across Africa and the Middle East. All operations in Sub-Saharan Africa, which were held via MTC Group’s wholly-owned subsidiary Celtel International, were rebranded from Celtel to Zain in August 2008. Following Indian telecom operator Bharti Airtel’s acquisition of the Sub-Saharan Africa assets of Zain Group in June 2010, the company underwent another name change – from Zain to Airtel in November 2010.

Airtel Malawi’s operating licence was renewed by Malawi Communications Regulatory Authority for a further ten years in early 2014. Airtel was re-registered as a public company on November 18, 2019, with company registration number TMRBS1011981. Airtel provides mobile telecommunication services (GSM Mobile cellular telephone services) including voice telephony, messaging, data communications (including internet), international and national long-distance telecommunications services and value-added services.

Airtel Malawi Plc is listed on the Malawi Stock Exchange (MSE) since February 24th, 2020. Airtel is traded on the MSE under the ticker symbol “AIRTEL”. The International Securities Identification Number (ISIN) of MSE:AIRTEL is MWAIRT001156. Airtel Malawi Plc is currently the #1 most valuable stock on the MSE with a market capitalization of MWK 1.1 trillion, which is about 19.8% of the entire Malawi Stock Exchange equity market.

AIRTEL Stock Market Performance

The current share price of Airtel Malawi Plc (AIRTEL) is MWK 100.05. AIRTEL closed its last trading day (Friday, June 2, 2023) at 100.05 MWK per share on the Malawi Stock Exchange (MSE). Airtel began the year with a share price of 56.64 MWK and has since gained 76.6% on that price valuation, ranking it ninth on the MSE in terms of year-to-date performance. Shareholders can be optimistic about AIRTEL knowing the stock has accrued 25% over the past four-week period alone—seventh best on MSE.

Airtel Malawi is the eighth most traded stock on the Malawi Stock Exchange over the past three months (Feb 28 - Jun 2, 2023). AIRTEL has traded a total volume of 5.32 million shares valued at MWK 446 million over the period, with an average of 84,392 traded shares per session. A volume high of 1.04 million was achieved on March 29th for the same period. The table below details the last 10 trading days of activity of Airtel Malawi on the Malawi Stock Exchange.

Profile of Airtel Malawi Plc

Airtel Malawi Plc operates in the Telecommunications sector, specifically, the Mobile Telecommunications industry.

AIRTEL Industrial Market Competitors

Airtel Malawi Plc, issuers of the AIRTEL stock on the Malawi Stock Exchange, have one market competitor who is also engaged in the Telecommunications sector and/or Mobile Telecommunications industry. The table below presents an overview of their market standing.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange