AIRTEL - Airtel Malawi Plc
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.
|Last Trading Results|
|Day’s Low Price||39.98|
|Day’s High Price||39.98|
|Number of Deals|
|Growth & Valuation|
|Earnings Per Share||2.0081|
|Dividend Per Share||2.10|
AIRTEL Stock Market Performance
The current share price of Airtel Malawi Plc (AIRTEL) is MWK 39.98. AIRTEL closed its last trading day (Friday, September 24, 2021) at 39.98 MWK per share on the Malawi Stock Exchange (MSE), recording a 0.2% gain over its previous closing price of 39.90 MWK. Airtel began the year with a share price of 27.98 MWK and has since gained 42.9% on that price valuation, ranking it third on the MSE in terms of year-to-date performance.
Airtel Malawi is the third most traded stock on the Malawi Stock Exchange over the past three months (Jun 29 - Sep 24, 2021). AIRTEL has traded a total volume of 26.7 million shares valued at MWK 1.03 billion over the period, with an average of 424,192 traded shares per session. A volume high of 6.56 million was achieved on September 9th 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.
|Factsheet of Airtel Malawi Plc|
Lilongwe Corporate Suite, Airtel Complex, City Centre, Lilongwe, Malawi
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.