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Investing.com -- Airtel Africa (LON:AAF)’s shares experienced a 9.3% fall, after reporting a decline in its first quarter operating profit on Thursday.
The telecommunications and mobile money services provider reported an 11.1% decrease in its operating profit for the first quarter, landing at $1.46 billion.
In addition to this, the company’s Q1 reported revenue also saw a decline by 0.5% in reported currency, amounting to $4.96 million. However, when viewed in constant currency, the revenue actually grew by 21.1%.
Airtel Africa has also announced plans to list its Airtel Money unit. The listing is expected to take place in the first half of 2026.
Looking forward, the company anticipates its capital expenditure for the coming year to range between $725 million and $750 million.