Monday, February 6Malawi's top news source
Shadow

Tag: Airtel

Airtel gains K47 billion value in a day

Airtel gains K47 billion value in a day

Business
The company has become the first on Malawi Stock Exchange to pass K500 billion market value as share price reached K49 on Wednesday, before coming down to close the day at K47.28. Trading figures released by Malawi Stock Exchange show the company opened the day with K43 share price and a company value of K473 billion but its share price gain saw it close the day valued K520 billion The company saw much of the trading for the day as almost 1.5 million shares were traded for slightly over K69 billion. The second most trading activties were at its telecom industry rival, TNM, that had near 995 000 shares traded for K14.9 billion with a share price of K15. The company closed the day valued at K150.6 billion. There was some minimal trading with the second largest company on the local ...
Airtel Malawi’s Telecommunications Tower Sold To London-based Helios Towers Plc

Airtel Malawi’s Telecommunications Tower Sold To London-based Helios Towers Plc

Business
The sale of Airtel Malawi’s telecommunications tower to London-based Helios Towers plc will help Airtel to improve and strengthen its connectivity in line with the company’s objective, the local communications company said on Monday. ```Airtel Africa announced the first closing of the transaction to sell its telecommunications tower company in Malawi to the telecommunications infrastructure company on Friday last week. The gross consideration for the transaction, according to an announcement by the telecommunications giant, which Business News has seen, is $55.6 million (about K15.79 billion). One of Airtel towers that is part of the sale packageUnder the terms of the transaction, Airtel Malawi will continue to develop, maintain and operate its equipment on the towers under separ...
FAM announces Airtel Top 8 player of tournament nominees

FAM announces Airtel Top 8 player of tournament nominees

Sports
Football Association of Malawi has released a list of four nominees for the 2021 Airtel Top 8 player of the tournament award. The four are Nyasa Big Bullets duo of strikers Babatunde Adepoju and Lanjesi Nkhoma as well as Silver Strikers forward Stain Davie and his team mate winger Zebron Kalima. The winner will be crowned at a special ceremony to be hosted by the sponsors Airtel Malawi at a date to be confirmed in due course. According to FAM Competitions and Communications Director Gomezgani Zakazaka, the Competitions Technical Study group came up with nominations after analyzing the Competitions statistics. Zakazaka said a selected group of coaches under the National Coaches Association, who were responsible for selecting player of the match in the competition and some sports journal...