Airtel Malawi sets IPO price, to raise up to MWK 28 billion

Friday 27 December 2019 | 11:46 CET | News
Airtel Africa has set the price for the initial public offering of its Malawian subsidiary on the Malawi Stock Exchange at MWK 12.69 per ordinary share. The offer is expected to comprise 1.65 billion shares, representing 15 percent of the issued share capital. Another 550 million shares, or 5 percent, will be made available subject to the exercise of over-allotment options.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Airtel Africa / Airtel Malawi
Countries: Malawi
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Airtel Malawi introduces My Airtel Cell App and Katswiri Neighbourhood Champion

Published 20 May 2020 10:36 CET | Malawi
Airtel Malawi has introduced two new products, called 'My Airtel Cell App' and 'Katswiri Neighbourhood Champion' during a live ...

Bharti Airtel's quarterly revenues jump 15%, boosted by 22% mobile business growth

Published 20 May 2020 08:52 CET | India
Mobile revenues jumped 21.8 percent, mainly boosted by Airtel's increasing 4G customer base. ARPU for the quarter was INR 154, ...

Airtel Malawi raises MWK 28 billion in IPO

Published 17 Feb 2020 09:30 CET | Malawi
Airtel Malawi raised a total of MK 27.92 billion (EUR 35 million) in its initial public offering on the Malawi Stock Exchange. ...

MTL to restore critical communications infrastructure destroyed by fire in Lilongwe

Published 21 Jan 2020 11:08 CET | Malawi
Malawi Telecommunications (MTL) plans to restore mobile phone communications after a fire gutted the company's offices in ...

Airtel Malawi seeks to list on stock exchange

Published 11 Dec 2019 14:10 CET | Malawi
Airtel Africa has announced the intention to undertake an initial public offering of its local unit on the Malawi Stock Exchange. ...

Airtel Malawi receives directive to fix dropped calls

Published 26 Nov 2019 13:14 CET | Malawi
Malawian ICT minister Mark Botomani has directed mobile network operator Airtel to address the issue of call drops, Nyasatimes ...

MACRA imposes MWK 820 mln fine on Airtel Malawi for failing to reach 20% local shareholding

Published 09 Oct 2019 09:38 CET | Malawi
The Malawi Communications Regulatory Authority (Macra) has fined mobile service provider Airtel Malawi MWK 820 million for ...