Airtel Africa Plc lists on the main board of The Nigerian Stock Exchange
Photo shows (L-R), Oscar Onyema, Chief Executive Officer, Nigeria Stock Exchange; Segun Ogunsanya, CEO/ Managing Director, Airtel Nigeria and Awuneba Ajumogobia, Member, Airtel Africa Board during the sounding of the closing gong at the Airtel Africa Listing held in Nigeria Stock Exchange Headquarters in Lagos on Tuesday, July 9, 2019.
Airtel Africa Plc (Airtel Africa) on Tuesday announces the secondary listing of its entire issued ordinary shares on the main board of The Nigerian Stock Exchange (NSE or the Exchange).
Commenting on the development, the Chief Executive Officer of Airtel Africa, Raghunath Mandava, said: “Airtel Africa is delighted to be listed on the main board of the Exchange. This is an exciting time for Airtel Africa in the 14 countries it operates in and an important milestone in our development as a leading provider of telecommunications and mobile money services in Africa.”
Speaking on the floor of the Exchange, the Chief Executive Officer and Managing Director of Airtel Nigeria, Segun Ogunsanya, said: “Nigeria is a great place for business and Airtel Africa remains committed to building a leadership position here.
“Investors have been interested to hear our story, and importantly they have been interested enough to invest in our business and are now ready to share the future with us,” Ogunsanya said.
On his part, Oscar N. Onyema, OON, Chief Executive Officer, NSE, commended Airtel Africa Plc for taking the bold step to list on the Exchange.
“Listing on the Exchange reaffirms Airtel Africa’s long-term commitment to expanding opportunities and providing everyday services to Africans and Nigerians in particular. It also indicates Airtel Africa’s belief that our platform, which has a total market capitalization of N25.20Trillion across various asset classes, remains a veritable avenue for raising capital and enabling sustainable national growth. This listing serves to deepen the telecoms and technology sector for investors and provides an opportunity for a wider group of Nigerians to be part of the African telecoms growth story”.
