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Airtel Africa (AAF) Competitors

Airtel Africa logo
GBX 304.08 +1.49 (+0.49%)
As of 09/25/2026 12:05 PM Eastern

AAF vs. VOD, BT.A, MICC, ZEG, and ISAT

Should you buy Airtel Africa stock or one of its competitors? Airtel Africa's main competitors and comparable companies include Vodafone Group Public (VOD), BT Group (BT.A), Millicom International Cellular (MICC), Zegona Communications (ZEG), and Inmarsat (ISAT). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "integrated telecommunication services" industry.

How does Airtel Africa compare to Vodafone Group Public?

Airtel Africa (LON:AAF) and Vodafone Group Public (LON:VOD) are both large-cap communication services companies, but which is the better business? We will compare the two companies based on the strength of their earnings, risk, institutional ownership, profitability, valuation, analyst recommendations, media sentiment and dividends.

Airtel Africa pays an annual dividend of GBX 6.82 per share and has a dividend yield of 2.2%. Vodafone Group Public pays an annual dividend of GBX 4.55 per share and has a dividend yield of 3.6%. Airtel Africa pays out 36.7% of its earnings in the form of a dividend. Vodafone Group Public pays out -275.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Vodafone Group Public is clearly the better dividend stock, given its higher yield and lower payout ratio.

In the previous week, Airtel Africa had 10 more articles in the media than Vodafone Group Public. MarketBeat recorded 11 mentions for Airtel Africa and 1 mentions for Vodafone Group Public. Airtel Africa's average media sentiment score of 0.16 beat Vodafone Group Public's score of 0.00 indicating that Airtel Africa is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Airtel Africa
0 Very Positive mention(s)
2 Positive mention(s)
9 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Vodafone Group Public
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Vodafone Group Public has higher revenue and earnings than Airtel Africa. Vodafone Group Public is trading at a lower price-to-earnings ratio than Airtel Africa, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Airtel Africa£6.42B1.72-£97.44M£18.6016.35
Vodafone Group Public£40.46B0.72£797.39M-£1.65N/A

Airtel Africa presently has a consensus price target of GBX 450, suggesting a potential upside of 47.98%. Vodafone Group Public has a consensus price target of GBX 114.60, suggesting a potential downside of 8.69%. Given Airtel Africa's stronger consensus rating and higher possible upside, equities analysts plainly believe Airtel Africa is more favorable than Vodafone Group Public.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Airtel Africa
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Vodafone Group Public
2 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.00

9.1% of Airtel Africa shares are owned by institutional investors. Comparatively, 59.2% of Vodafone Group Public shares are owned by institutional investors. 32.8% of Airtel Africa shares are owned by insiders. Comparatively, 0.5% of Vodafone Group Public shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Airtel Africa has a net margin of 10.41% compared to Vodafone Group Public's net margin of -1.02%. Airtel Africa's return on equity of 23.72% beat Vodafone Group Public's return on equity.

Company Net Margins Return on Equity Return on Assets
Airtel Africa10.41% 23.72% 9.60%
Vodafone Group Public -1.02%-0.79%1.45%

Airtel Africa has a beta of 0.465, meaning that its stock price is 54% less volatile than the broader market. Comparatively, Vodafone Group Public has a beta of 0.333, meaning that its stock price is 67% less volatile than the broader market.

Summary

Airtel Africa beats Vodafone Group Public on 12 of the 18 factors compared between the two stocks.

How does Airtel Africa compare to BT Group?

BT Group (LON:BT.A) and Airtel Africa (LON:AAF) are both large-cap communication services companies, but which is the better investment? We will contrast the two companies based on the strength of their risk, analyst recommendations, dividends, valuation, profitability, earnings, institutional ownership and media sentiment.

BT Group has a beta of 0.69, indicating that its share price is 31% less volatile than the broader market. Comparatively, Airtel Africa has a beta of 0.465, indicating that its share price is 54% less volatile than the broader market.

44.7% of BT Group shares are owned by institutional investors. Comparatively, 9.1% of Airtel Africa shares are owned by institutional investors. 0.2% of BT Group shares are owned by company insiders. Comparatively, 32.8% of Airtel Africa shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Airtel Africa has a consensus price target of GBX 450, indicating a potential upside of 47.98%. Given Airtel Africa's stronger consensus rating and higher probable upside, analysts clearly believe Airtel Africa is more favorable than BT Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BT Group
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Airtel Africa
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

Airtel Africa has a net margin of 10.41% compared to BT Group's net margin of 4.11%. Airtel Africa's return on equity of 23.72% beat BT Group's return on equity.

Company Net Margins Return on Equity Return on Assets
BT Group4.11% 6.33% 3.77%
Airtel Africa 10.41%23.72%9.60%

BT Group has higher revenue and earnings than Airtel Africa. Airtel Africa is trading at a lower price-to-earnings ratio than BT Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BT Group£19.65B0.99£855M£10.8018.20
Airtel Africa£6.42B1.72-£97.44M£18.6016.35

BT Group pays an annual dividend of GBX 8.21 per share and has a dividend yield of 4.2%. Airtel Africa pays an annual dividend of GBX 6.82 per share and has a dividend yield of 2.2%. BT Group pays out 76.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Airtel Africa pays out 36.7% of its earnings in the form of a dividend.

In the previous week, Airtel Africa had 11 more articles in the media than BT Group. MarketBeat recorded 11 mentions for Airtel Africa and 0 mentions for BT Group. Airtel Africa's average media sentiment score of 0.16 beat BT Group's score of 0.00 indicating that Airtel Africa is being referred to more favorably in the news media.

Company Overall Sentiment
BT Group Neutral
Airtel Africa Neutral

Summary

Airtel Africa beats BT Group on 12 of the 18 factors compared between the two stocks.

How does Airtel Africa compare to Millicom International Cellular?

Millicom International Cellular (LON:MICC) and Airtel Africa (LON:AAF) are both communication services companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, dividends, valuation, earnings, media sentiment and risk.

In the previous week, Airtel Africa had 11 more articles in the media than Millicom International Cellular. MarketBeat recorded 11 mentions for Airtel Africa and 0 mentions for Millicom International Cellular. Airtel Africa's average media sentiment score of 0.16 beat Millicom International Cellular's score of 0.00 indicating that Airtel Africa is being referred to more favorably in the news media.

Company Overall Sentiment
Millicom International Cellular Neutral
Airtel Africa Neutral

47.2% of Millicom International Cellular shares are owned by institutional investors. Comparatively, 9.1% of Airtel Africa shares are owned by institutional investors. 0.1% of Millicom International Cellular shares are owned by company insiders. Comparatively, 32.8% of Airtel Africa shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Millicom International Cellular presently has a consensus target price of GBX 1,280, suggesting a potential downside of 10.14%. Airtel Africa has a consensus target price of GBX 450, suggesting a potential upside of 47.98%. Given Airtel Africa's stronger consensus rating and higher possible upside, analysts plainly believe Airtel Africa is more favorable than Millicom International Cellular.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Millicom International Cellular
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Airtel Africa
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

Millicom International Cellular has higher revenue and earnings than Airtel Africa. Airtel Africa is trading at a lower price-to-earnings ratio than Millicom International Cellular, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Millicom International Cellular£8.10B1.07N/A£29.5648.19
Airtel Africa£6.42B1.72-£97.44M£18.6016.35

Airtel Africa has a net margin of 10.41% compared to Millicom International Cellular's net margin of 0.00%. Airtel Africa's return on equity of 23.72% beat Millicom International Cellular's return on equity.

Company Net Margins Return on Equity Return on Assets
Millicom International CellularN/A N/A N/A
Airtel Africa 10.41%23.72%9.60%

Summary

Airtel Africa beats Millicom International Cellular on 10 of the 14 factors compared between the two stocks.

How does Airtel Africa compare to Zegona Communications?

Zegona Communications (LON:ZEG) and Airtel Africa (LON:AAF) are both communication services companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, institutional ownership, profitability, analyst recommendations, earnings, dividends, risk and media sentiment.

42.0% of Zegona Communications shares are held by institutional investors. Comparatively, 9.1% of Airtel Africa shares are held by institutional investors. 41.8% of Zegona Communications shares are held by insiders. Comparatively, 32.8% of Airtel Africa shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Zegona Communications presently has a consensus price target of GBX 2,316.67, suggesting a potential upside of 33.14%. Airtel Africa has a consensus price target of GBX 450, suggesting a potential upside of 47.98%. Given Airtel Africa's higher probable upside, analysts plainly believe Airtel Africa is more favorable than Zegona Communications.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Zegona Communications
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00
Airtel Africa
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

In the previous week, Airtel Africa had 3 more articles in the media than Zegona Communications. MarketBeat recorded 11 mentions for Airtel Africa and 8 mentions for Zegona Communications. Airtel Africa's average media sentiment score of 0.16 beat Zegona Communications' score of 0.12 indicating that Airtel Africa is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Zegona Communications
0 Very Positive mention(s)
2 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Airtel Africa
0 Very Positive mention(s)
2 Positive mention(s)
9 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Airtel Africa has a net margin of 10.41% compared to Zegona Communications' net margin of -2.41%. Airtel Africa's return on equity of 23.72% beat Zegona Communications' return on equity.

Company Net Margins Return on Equity Return on Assets
Zegona Communications-2.41% -8.95% -0.50%
Airtel Africa 10.41%23.72%9.60%

Airtel Africa has higher revenue and earnings than Zegona Communications. Zegona Communications is trading at a lower price-to-earnings ratio than Airtel Africa, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Zegona Communications£3.63B1.08-£136.50M-£30.00N/A
Airtel Africa£6.42B1.72-£97.44M£18.6016.35

Zegona Communications has a beta of 3.414, suggesting that its stock price is 241% more volatile than the broader market. Comparatively, Airtel Africa has a beta of 0.465, suggesting that its stock price is 54% less volatile than the broader market.

Summary

Airtel Africa beats Zegona Communications on 11 of the 15 factors compared between the two stocks.

How does Airtel Africa compare to Inmarsat?

Inmarsat (LON:ISAT) and Airtel Africa (LON:AAF) are both communication services companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, risk, earnings, dividends, media sentiment, institutional ownership, valuation and profitability.

In the previous week, Airtel Africa had 11 more articles in the media than Inmarsat. MarketBeat recorded 11 mentions for Airtel Africa and 0 mentions for Inmarsat. Airtel Africa's average media sentiment score of 0.16 beat Inmarsat's score of 0.00 indicating that Airtel Africa is being referred to more favorably in the news media.

Company Overall Sentiment
Inmarsat Neutral
Airtel Africa Neutral

9.1% of Airtel Africa shares are owned by institutional investors. 32.8% of Airtel Africa shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Airtel Africa has a consensus target price of GBX 450, indicating a potential upside of 47.98%. Given Airtel Africa's stronger consensus rating and higher possible upside, analysts clearly believe Airtel Africa is more favorable than Inmarsat.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Inmarsat
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Airtel Africa
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

Inmarsat has higher earnings, but lower revenue than Airtel Africa. Inmarsat is trading at a lower price-to-earnings ratio than Airtel Africa, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Inmarsat£1.44B0.00N/A-£13.10N/A
Airtel Africa£6.42B1.72-£97.44M£18.6016.35

Airtel Africa has a net margin of 10.41% compared to Inmarsat's net margin of 0.00%. Airtel Africa's return on equity of 23.72% beat Inmarsat's return on equity.

Company Net Margins Return on Equity Return on Assets
InmarsatN/A N/A N/A
Airtel Africa 10.41%23.72%9.60%

Inmarsat pays an annual dividend of GBX 0.16 per share. Airtel Africa pays an annual dividend of GBX 6.82 per share and has a dividend yield of 2.2%. Inmarsat pays out -1.2% of its earnings in the form of a dividend. Airtel Africa pays out 36.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Summary

Airtel Africa beats Inmarsat on 14 of the 15 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding AAF and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of LON and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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AAF vs. The Competition

MetricAirtel AfricaDiversified Telecommunication Services IndustryCommunication Services SectorLON Exchange
Market Cap£11.04B£40.51B£34.11B£2.89B
Dividend Yield1.72%7.03%5.46%6.19%
P/E Ratio16.359.57233.36366.48
Price / Sales1.7220.74110.5989,848.70
Price / Cash6.4817.8620.6027.89
Price / Book5.213.7712.196.35
Net Income-£97.44M£1.07B£1.12B£5.89B
7 Day Performance-5.63%-1.23%-0.97%0.28%
1 Month Performance-10.75%-1.97%-2.70%5.51%
1 Year Performance31.87%3.32%-8.50%18.75%

Airtel Africa Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
AAF
Airtel Africa
3.8004 of 5 stars
GBX 304.09
+0.5%
GBX 450
+48.0%
+31.9%£11.04B£6.42B16.354,541
VOD
Vodafone Group Public
1.1791 of 5 stars
GBX 130.25
-0.7%
GBX 114.60
-12.0%
+46.4%£30.14B£40.46BN/A91,128
BT.A
BT Group
N/AGBX 203.39
-0.2%
N/A+0.5%£20.04B£19.65B18.8398,400
MICC
Millicom International Cellular
0.1881 of 5 stars
GBX 1,408.79
-1.5%
GBX 1,280
-9.1%
N/A£8.57B£8.10B47.65N/A
ZEG
Zegona Communications
3.61 of 5 stars
GBX 1,796
-0.6%
GBX 2,333.33
+29.9%
+41.5%£4.05B£3.63BN/A6

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This page (LON:AAF) was last updated on 9/27/2026 by MarketBeat.com Staff.
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