Airtel Malawi plc
| Public | |
| Traded as | MSE: AIRTEL |
| ISIN | 🆔 |
| Industry | Telecommunications |
| Founded 📆 | 1998 |
| Founder 👔 | |
Area served 🗺️ | Malawi |
| Total assets |  MWK 326.94 billion (as at 31 Dec 2024)[1] |
| Total equity | MWK 32.10 billion (as at 31 Dec 2024)[1] |
| Members | |
Number of employees | |
| Parent | Bharti Airtel / Airtel Africa |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Airtel Malawi plc is Malawi’s largest mobile telecommunications provider, offering voice, mobile data, fixed services, broadband, and digital financial services under the Airtel Africa umbrella.
History
Airtel Malawi began operations in 1998 following the acquisition of Celtel Malawi. It went public in early 2020, listing on the Malawi Stock Exchange as part of compliance with licensing regulations requiring at least 20% local ownership. The IPO raised MK 27.9 billion in largely oversubscribed demand.[2]
Ownership & Branding
Airtel Malawi is a wholly owned subsidiary of Airtel Africa plc, which is majority owned by Bharti Airtel. The local IPO facilitated required Malawian shareholding thresholds in accordance with the Communications Act.[3]
Services
Airtel Malawi provides:
- Voice telephony (prepaid & postpaid)
- Mobile data over 2G, 3G, HSPA+ and LTE networks reaching over 95% of the population[4]
- Airtel Money: a mobile financial service with national reach[5]
Network & Infrastructure
The company has expanded to near-full LTE coverage. In its FY2024 report, Airtel Africa noted strong regional performance with mobile money and data revenue growth of over 29%.[6]
Financial Performance
FY 2023
Airtel Malawi reported MK 193.9 billion in revenue (up 26.4% YoY), but faced forex losses of MK 80.5 billion due to a 66% kwacha devaluation, leading to a net loss of MK 15.4 billion.[7]
FY 2024
The company recovered with MK 270.9 billion in revenue (up 39.7%), MK 42.7 billion in profit after tax, and data revenue up 57.7%.[8]
FY 2025 (Group-level)
Airtel Africa reported revenue of US $4.96 billion and net profit of US $328 million, with Malawi operations impacted by hyperinflation adjustments of US $12 million.[6]
Market Position
Airtel Malawi controls about 70–72% of the mobile telecom market, competing primarily with TNM.[9] Its market capitalization exceeds MK 1.4 trillion on the Malawi Stock Exchange.[10]
Corporate Strategy & CSR
The company invests in rural coverage, Airtel Money ecosystem growth, and social impact programs across education, health, and infrastructure.[11]
Criticism
In 2023 and 2024, agent associations raised concerns over low Airtel Money commissions, while some users criticized inconsistent network quality.[12]
See also
- Telecommunications in Malawi
- Airtel Africa
- Telekom Networks Malawi
References
- ↑ 1.0 1.1 "Airtel Malawi FY2024 Financial Statements" (PDF). Airtel Malawi. Retrieved 2025-07-20.
- ↑ "Airtel Malawi IPO raises MK27.9bn". Nyasa Times. 2020-02-25. Retrieved 2025-07-20.
- ↑ "Airtel Africa Overview". Airtel Africa. Retrieved 2025-07-20.
- ↑ "Coverage Map – Airtel Malawi". Airtel Malawi. Retrieved 2025-07-20.
- ↑ "About Airtel Money". Airtel Malawi. Retrieved 2025-07-20.
- ↑ 6.0 6.1 https://airtel.africa/investors/financial-reports
- ↑ "Airtel Malawi posts MK15.4bn loss". The Daily Times. 2024-03-10. Retrieved 2025-07-20.
- ↑ https://www.nyasatimes.com/airtel-malawi-2024-strong-rebound
- ↑ https://www.macra.mw/statistics/2024-q4/
- ↑ https://www.thetimes.mw/airtel-stock-market-leader
- ↑ "CSR Initiatives". Airtel Malawi. Retrieved 2025-07-20.
- ↑ "Airtel Money agents threaten boycott". The Nation. 2024-08-20. Retrieved 2025-07-20.
External links
This article "Airtel Malawi" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Airtel Malawi. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
