Kolkata: Bharti Airtel’s Africa unit has been made a part of the coveted FTSE 100 Index effective Monday, 31 January 2022.
“This is a significant milestone for Airtel Africa, which becomes part of the FTSE 100 in just two and a half years of listing on the London Stock Exchange, joining the most valuable companies,” Bharti Airtel chairman Sunil Mittal said in an official statement Thursday. he added that Airtel Africa “is a strong player in the African continent, which has emerged as the next growth frontier globally”.
Airtel Africa Plc was listed on London Stock Exchange in late-June 2019.
Bharti’s Africa operation has seen a strong business resurgence in recent years, after it completed its first full year of profitability in FY18, marking a turnaround from previous years when losses had mounted every quarter, dragging down consolidated numbers and had even cast doubt on Bharti’s strategy of entering into the continent back in 2010.
Mittal added that Airtel Africa continues to “invest aggressively and execute its growth strategy under its new managing director Segun Ogunsanya” to deliver on the significant market potential afforded by Africa and strengthen Airtel’s position as one the biggest global brands out of India.
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