UK-based telecommunications company Airtel Africa has joined the Financial Times Stock Exchange (FTSE) 100 Index.
The company, which floated on the London Stock Exchange in June 2019, operates mobile telecoms and mobile money services in 14 African markets.
Segun Ogunsanya, CEO of Airtel Africa, said: “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.
“This achievement 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.’’
Since its flotation, Airtel Africa has experienced significant growth in its customer base, revenues, profits, margins and cash generation, as well as strengthening its balance sheet through reduced leverage, the company said.