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.
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AIRTEL Stock Market Performance
The current share price of Airtel Malawi Plc (AIRTEL) is MWK 20.01. The AIRTEL stock closed its last trading day (Wednesday, July 8, 2020) at 20.01 MWK per share on the Malawi Stock Exchange. AIRTEL closed its IPO day (February 24, 2020) with a share price of 17.71 MWK and has since gained 12.99% on that price valuation, ranking it 4th on the MSE in terms of year-to-date performance. Shareholders will be pleasantly optimistic about AIRTEL knowing that the stock has accrued 5.32% over the past four-week period alone. The table below details the last 10 trading days of activity of Airtel Malawi Plc on the Malawi Stock Exchange.
Profile of Airtel Malawi Plc
Airtel Malawi Plc operates in the Telecommunications sector, specifically, the Mobile Telecommunications industry. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
|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 the Mobile Telecommunications industry. The table below gives you an overview of their market standing.