Airtel Africa

Sub-Saharan African Telecoms: Solid top line, decent overall performance given the macro environment; Q1 24 review

Nigerian Telcos - Q1 24 review: Strong underlying top line, weak profits driven by FX

At $100bn, downgrade Bharti Airtel to Neutral; play via Singtel or AAF. Upgrade AAF pt to 200GBp

Airtel Africa – Q4 24: Decent, Solid top line but slower EBITDA; positive message on HoldCo cash

Nigerian Telcos - Q4 23 review: Still weathering the (macro) storm