en.Wedoany.com Reported - Airtel Networks Zambia has reached a market capitalization of $1 billion on the Lusaka Stock Exchange (LuSE), becoming the fourth company to achieve this milestone in the exchange's 32-year history. This landmark event is regarded as a significant development for Zambia's telecommunications industry, capital market, and economy.

Brilliant Habeenzu, Permanent Secretary of the Ministry of Technology and Science, attended the official bell-ringing ceremony at LuSE as a distinguished guest. Habeenzu stated that Airtel's achievement demonstrates Zambia's growing competitiveness in the digital economy and solidifies its position as an emerging regional hub for innovation and investment. He also noted that the bell-ringing ceremony symbolizes growth, resilience, and collaboration between the government and the private sector in driving national development.

Hussam Baday, Managing Director and CEO of Airtel Zambia, said at the ceremony that this milestone represents not only financial success but also the trust and confidence of millions of customers in the company. He stated that the company remains committed to continuous investment and revealed that it has invested over $107 million in the past year to deploy 4G and 5G infrastructure across Zambia to expand network coverage.

Namunyaka Jere, Head of Legal at Airtel Zambia, commented that this achievement is historic for both Airtel and Zambia's capital market. She believes it reflects years of strategic investment, good corporate governance, rigorous management, and strong investor confidence. Airtel Zambia began operations in 1998 under its founding brand Zamcell, and its parent company, Bharti Airtel, completed the acquisition in 2010. According to company data, Airtel Zambia currently has over 12.5 million subscribers, accounting for 48% of the country's mobile network market.

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