33. Companies in the Group, associate and joint venture

Information of Group’s directly and indirectly held subsidiaries, associate and joint venture are as follows:

Details of subsidiaries

S.no	Name of subsidiary	Principal place of business and registered office address	Principal activities	Country	Percentage of shareholding¹
					% As of
					31 March 2025	31 March 2024
1	Airtel Tchad S.A.	Rue du Commandant Galyam Négal, Immeuble du Cinéma Etoile, B.P. 5665, N’Djaména, Tchad	Telecommunication services	Chad	100	100
2	Airtel Mobile Commerce Tchad S.A.	Avenue Charles de Gaulle, Immeuble Pierre Brock, B.P. 5665, N’Djaména, Tchad	Mobile commerce services	Chad	77.89	77.89
3	Indian Ocean Telecom Limited	28 Esplanade, St. Helier, Jersey JE2 3QA, Channel Islands	Investment company	Channel Islands	100	100
4	Airtel Congo S.A.	2ème Etage de L’Immeuble SCI Monte Cristo, Rond-Point de la Gare, Croisement de l’Avenue Orsy et de Boulevard Denis Sassou Nguesso, Centre Ville, B.P. 1038, Brazzaville, Congo	Telecommunication services	Congo-Brazzaville	90.00	90.00
5	Mobile Commerce Congo S.A.	3ème Etage de L’Immeuble SCI Monte Cristo, Rond-Point de la Gare, Croisement de l’Avenue Orsy et de Boulevard Denis Sassou Nguesso, Centre – Ville, B.P. 1038, Brazzaville, Congo	Mobile commerce services	Congo-Brazzaville	70.10	70.10
6	Airtel Congo RDC S.A.	42-43, Avenue Tabora, Gombe, B.P. 1201, Kinshasa 1, République Démocratique du Congo	Telecommunication services	Democratic Republic of the Congo	98.50	98.50
7	Airtel Congo RDC Telesonic S.A.U.	3ème étage, 130 b, Avenue Kwango, Gombe, B.P. 1201, Kinshasa 1, République Démocratique du Congo	Telecommunication services	Democratic Republic of the Congo	100	100
8	Nxtra Africa Data RDC S.A.	1 Croisement Des AV Tchad ET Bas Congo, C/Gombe, V/Kinshasa, P/ Kinshasa République Démocratique du Congo.	Telecommunication services	Democratic Republic of the Congo	100	–
9	Airtel Money RDC S.A.	6ième étage, 130 b, Avenue Kwango, Gombe, B.P. 1201, Kinshasa 1, République Démocratique du Congo	Mobile commerce services	Democratic Republic of the Congo	77.89	77.89
10	Congo RDC Towers S.A.	3ème étage, 130 b, Avenue Kwango, Gombe, B.P. 1201, Kinshasa 1, République Démocratique du Congo	Infrastructure sharing services	Democratic Republic of the Congo	100	100
11	Partnership Investments Sarlu	130 b, Avenue Kwango, Gombe, B.P. 1201, Kinshasa 1, République Démocratique du Congo	Investment company	Democratic Republic of the Congo	100	100
12	Airtel Gabon S.A.	Immeuble Libreville, Business Square, Rue Pecqueur, Centre-Ville, B.P. 9259 Libreville, Gabon	Telecommunication services	Gabon	100	100
13	Airtel Gabon Telesonic S.A.	Immeuble Libreville, Business Square, Rue Pecqueur, Centre-Ville, B.P. 9259, Libreville, Gabon	Telecommunication services	Gabon	100	100
14	Airtel Money S.A.	Immeuble Odyssée, Boulevard de la Nation, B.P. 23 899, Libreville, Gabon	Mobile commerce services	Gabon	77.89	77.89
15	Gabon Towers S.A.²	124 Avenue Bouët, B.P. 9259, Libreville, Gabon	Infrastructure sharing services	Gabon	100	100
16	Airtel International LLP⁴	Worldmark Tower -2, 6th and 7th Floor, Maidawas Road, Sector 65, Gurugram, Haryana- 122001, Arjun Nagar, Gurgaon, Arjun Nagar, Haryana, India, 122001	Support services	India	100	100
17	Airtel Networks Kenya Limited	LR 209/11880, 7th Floor, Parkside Towers, Mombasa Road, P.O. Box 73146-00200, Nairobi, Kenya	Telecommunication services	Kenya	100	100
18	Airtel Kenya Telesonic Limited	LR 209/11880, 7th Floor, Parkside Towers, Mombasa Road, P.O. Box 73146-00200, Nairobi, Kenya	Telecommunication services	Kenya	100	100
19	Nxtra Africa Data (Kenya) Limited	Parkside Towers, Mombasa Road, P.O. Box 73146, City Square, Nairobi, Kenya	Telecommunication services	Kenya	100	100
20	Nxtra Africa Data (Kenya) SEZ Limited	Parkside Towers, Mombasa Road, P.O. Box 73146, City Square, Nairobi, Kenya	Telecommunication services	Kenya	100	–
21	Airtel Mobile Commerce (Kenya) Limited	LR 209/11880, 7th Floor, Parkside Towers, Mombasa Road, P.O. Box 73146-00200, Nairobi, Kenya	Mobile commerce services	Kenya	77.89	77.89
22	Airtel Money Kenya Limited	LR 209/11880, 7th Floor, Parkside Towers, Mombasa Road, P.O. Box 73146-00200, Nairobi, Kenya	Mobile commerce services	Kenya	77.89	77.89
23	Airtel Money Transfer Limited	LR 209/11880, 7th Floor, Parkside Towers, Mombasa Road, P.O. Box 73146-00200, Nairobi, Kenya	Mobile commerce services	Kenya	77.89	77.89
24	Airtel Mobile Commerce Services Limited	LR 209/11880, 4th Floor, Parkside Towers, Mombasa Road, P.O. Box 962-00100, Nairobi, Kenya	Support services	Kenya	77.89	77.89
25	Airtel Madagascar S.A.	Immeuble S, lot II J 1 AA, Morarano Alarobia – 101 Antananarivo – Madagascar	Telecommunication services	Madagascar	100	100
26	Airtel Mobile Commerce Madagascar S.A.	Immeuble S, lot II J 1 AA, Morarano Alarobia – 101 Antananarivo – Madagascar	Mobile commerce services	Madagascar	77.89	77.89
27	Airtel Malawi Public Limited Company	Airtel Complex, Off Convention Drive, City Centre, P.O. Box 57, Lilongwe, Malawi	Telecommunication services	Malawi	79.95	79.95
28	Airtel (M) Telesonic Limited	Airtel Complex, Off Convention Drive, City Centre, P.O. Box 57, Lilongwe, Malawi	Telecommunication services	Malawi	100	100
29	Airtel Mobile Commerce Limited	MERA Complex, Along Convention Drive, City Centre, P.O. Box 126, Lilongwe, Malawi	Mobile commerce services	Malawi	77.89	77.89
30	Bharti Airtel Rwanda Holdings Limited	C/o Ocorian Corporate Services (Mauritius) Limited, 6th Floor, Tower A, 1 Cybercity, Ebene, 72201, Republic of Mauritius	Investment company	Mauritius	100	100
31	Celtel (Mauritius) Holdings Limited	C/o Ocorian Corporate Services (Mauritius) Limited, 6th Floor, Tower A, 1 Cybercity, Ebene, 72201, Republic of Mauritius	Investment company	Mauritius	100	100
32	Channel Sea Management Company (Mauritius) Limited³	C/o Ocorian Corporate Services (Mauritius) Limited, 6th Floor, Tower A, 1 Cybercity, Ebene, 72201 Republic of Mauritius	Investment company	Mauritius	100	100
33	Montana International³	C/o Ocorian Corporate Services (Mauritius) Limited, 6th Floor, Tower A, 1 Cybercity, Ebene, 72201, Republic of Mauritius	Investment company	Mauritius	100	100
34	Bharti Airtel International (Netherlands) B.V.^4,5	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
35	Bharti Airtel Africa B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
36	Bharti Airtel Chad Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
37	Bharti Airtel Congo Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
38	Bharti Airtel RDC Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
39	Bharti Airtel Gabon Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
40	Bharti Airtel Kenya B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
41	Bharti Airtel Madagascar Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
42	Bharti Airtel Malawi Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
43	Bharti Airtel Mali Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
44	Bharti Airtel Nigeria B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
45	Bharti Airtel Niger Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
46	Bharti Airtel Services B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
47	Bharti Airtel Tanzania B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
48	Bharti Airtel Uganda Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
49	Bharti Airtel Zambia Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	100	100
50	Airtel Mobile Commerce B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
51	Airtel Mobile Commerce Holdings B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
52	Airtel Mobile Commerce Tchad B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
53	Airtel Mobile Commerce Congo B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
54	Airtel Mobile Commerce DRC B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
55	Airtel Mobile Commerce Gabon B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
56	Airtel Mobile Commerce Kenya B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
57	Airtel Mobile Commerce Madagascar B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
58	Airtel Mobile Commerce Malawi B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
59	Airtel Mobile Commerce Niger B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
60	Airtel Mobile Commerce Nigeria B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
61	Airtel Mobile Commerce Rwanda B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
62	Airtel Mobile Commerce (Seychelles) B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
63	Airtel Mobile Commerce Tanzania B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
64	Airtel Mobile Commerce Uganda B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
65	Airtel Mobile Commerce Zambia B.V.	Weesperstraat 107, 1018 VN Amsterdam, The Netherlands	Investment company	Netherlands	77.89	77.89
66	Celtel Niger S.A.	2054 Route de l’Aéroport, B.P. 11 922, Niamey, Niger	Telecommunication services	Niger	90.00	90.00
67	Airtel Money Niger S.A.	2054 Route de l’Aéroport, B.P. 11 922, Niamey, Niger	Mobile commerce services	Niger	70.10	70.10
68	Airtel Networks Limited	Plot L2, 401 Close, Banana Island, Ikoyi, Lagos, Nigeria	Telecommunication services	Nigeria	100	100
69	Airtel Nigeria Telesonic Limited	Plot L2, 401 Close, Banana Island, Ikoyi, Lagos, Nigeria	Telecommunication services	Nigeria	100	100
70	Nxtra Africa Data (Nigeria) Limited	Plot L2, 401 Close, Banana Island, Ikoyi, Lagos, Nigeria	Telecommunication services	Nigeria	100	100
71	Nxtra Africa Data (Nigeria) FZE	Plot AV-A-34-35 Eko Atlantic City, Lagos, Nigeria	Telecommunication services	Nigeria	100	100
72	Smartcash Payment Service Bank Limited	Plot 1698a Oyinjolayemi Street, Victoria Island, Lagos, Nigeria	Mobile commerce services	Nigeria	94.44	99.96
73	Airtel Mobile Commerce Nigeria Limited	Plot L2, 401 Close, Banana Island, Ikoyi, Lagos, Nigeria	Mobile commerce services	Nigeria	100	100
74	Airtel Rwanda Limited	Remera, Gasabo, Umujyi wa Kigali, Rwanda	Telecommunication services	Rwanda	100	100
75	Airtel Rwanda Telesonic Limited	Remera, Gasabo, Umujyi wa Kigali, Rwanda	Telecommunication services	Rwanda	100	100
76	Airtel Mobile Commerce Rwanda Ltd	Kinyinya, Gasabo, Umujyi wa Kigali, Rwanda	Mobile commerce services	Rwanda	77.89	77.89
77	Airtel (Seychelles) Limited	Airtel House, Josephine Cafrine Road, Perseverance, P.O. Box 1358, Victoria, Mahe, Seychelles	Telecommunication services	Seychelles	100	100
78	Airtel (Seychelles) Telesonic Limited	Airtel House, Josephine Cafrine Road, Perseverance, P.O. Box 1358, Victoria, Mahe, Seychelles	Telecommunication services	Seychelles	100	100
79	Airtel Mobile Commerce (Seychelles) Limited	Airtel House, Josephine Cafrine Road, Perseverance, P.O. Box 1358, Victoria, Mahe, Seychelles	Mobile commerce services	Seychelles	77.89	77.89
80	Airtel Tanzania Public Limited Company	Airtel House, Block 41, Corner of Ali Hassan Mwinyi Road and Kawawa Road, Kinondoni District, P.O. Box 9623, Dar es Salaam, Tanzania	Telecommunication services	Tanzania	51.00	51.00
81	Airtel Money Tanzania Limited	Airtel House, Block 41, Corner of Ali Hassan Mwinyi Road and Kawawa Road, Kinondoni District, P.O. Box 9623, Dar es Salaam, Tanzania	Mobile commerce services	Tanzania	39.75	39.75
82	Airtel Mobile Commerce (Tanzania) Limited	Airtel House, Block 41, Corner of Ali Hassan Mwinyi Road and Kawawa Road, Kinondoni District P.O. Box 9623, Dar es Salaam, Tanzania	Mobile commerce services	Tanzania	77.89	77.89
83	The Registered Trustees of Airtel Money Trust Fund	Airtel House, Block 41, Corner of Ali Hassan Mwinyi Road and Kawawa Road, Kinondoni District, P.O. Box 9623, Dar es Salaam, Tanzania	Mobile commerce services	Tanzania	39.75	39.75
84	Airtel Uganda Limited	Airtel Towers, Plot 16 –A, Clement Hill Road, Nakasero, P.O. Box 6771, Kampala, Uganda	Telecommunication services	Uganda	89.11	89.11
85	Airtel Telesonic Uganda Limited	Airtel Towers, Plot 16-A, Clement Hill Road, Nakasero, P.O. Box 6771, Kampala, Uganda	Telecommunication services	Uganda	100	100
86	Airtel Mobile Commerce Uganda Limited	Airtel Towers, Plot 16-A, Clement Hill Road, Nakasero, P.O. Box 6771, Kampala, Uganda	Mobile commerce services	Uganda	77.89	77.89
87	Airtel Money Trust Fund	Airtel Towers, Plot 16-A, Clement Hill Road, Nakasero, P.O. Box 6771, Kampala, Uganda	Mobile commerce services	Uganda	77.89	77.89
88	Airtel Mobile Management Services FZ-LLC	107, First Floor, 26 Dubai Internet City, Dubai, United Arab Emirates	Support Services	United Arab Emirates	77.89	–
89	Airtel Africa Telesonic Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Telecommunication services	United Kingdom	100	100
90	Airtel Africa Telesonic Holdings Limited⁴	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
91	Airtel Tchad Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
92	Airtel Congo Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
93	Airtel DRC Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
94	Airtel Gabon Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
95	Airtel Kenya Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
96	Airtel Madagascar Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
97	Airtel (M) Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
98	Airtel Niger Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
99	Airtel Nigeria Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
100	Airtel Rwanda Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
101	Airtel Seychelles Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
102	Airtel Tanzania Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
103	Airtel Uganda Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
104	Airtel Zambia Telesonic Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
105	Nxtra Africa Data Holdings Limited⁴	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
106	Nxtra Congo Data Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
107	Nxtra DRC Data Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
108	Nxtra Gabon Data Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
109	Nxtra Kenya Data Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
110	Nxtra Nigeria Data Holdings (UK) Limited	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Investment company	United Kingdom	100	100
111	Airtel Africa Services (UK) Limited⁴	First Floor, 53/54 Grosvenor Street, London W1K 3HU, United Kingdom	Support services	United Kingdom	100	100
112	Airtel Networks Zambia plc	Airtel House, Stand 2375, Addis Ababa Drive, Lusaka, Zambia	Telecommunication services	Zambia	90.00	96.08
113	Airtel Zambia Telesonic Limited	P.O Box 320001, Showgrounds, Lusaka, Lusaka Province, Zambia	Telecommunication services	Zambia	100	100
114	Airtel Mobile Commerce Zambia Limited	Airtel House, Stand 2375, Addis Ababa Drive, Lusaka, Zambia	Mobile commerce services	Zambia	77.89	77.89
115	Bharti Airtel Developers Forum Limited	Stand No. 2375, Corner of Great East/Addis Ababa Road, Lusaka, Zambia	Investment company	Zambia	90.00	96.08

1 The class of shares is ordinary shares.

2 Under dissolution as on 31st March 2025.

3 Under removal from the register of Registrar of Companies in Mauritius.

4 Direct subsidiary of Airtel Africa plc.

5 All shares are held by Airtel Africa plc with the exception of 1 share held by Bharti Airtel Limited.

Details of associate

S.no	Name of associate	Principal place of business and registered office address	Principal activities	Country	Percentage of shareholding¹
					% As of
					31 March 2025	31 March 2024
1	Seychelles Cable Systems Company Limited	Caravelle House, 3rd Floor, Victoria, Mahe, Seychelles	Submarine cable system	Seychelles	26.00	26.00

1 Companies proportion of voting power held is same as proportion of ownership interest held.

Details of joint venture (JV)

S.no	Name of Joint Venture	Principal place of business and registered office address	Principal activities	Country	Percentage of shareholding¹
					% As of
					31 March 2025	31 March 2024
1	Mawezi RDC S.A.	Avenue des Huileries no 7, Commune of Lingwala, Ville de Kinshasa, République Démocratique du Congo	Telecommunication Services	Democratic Republic of the Congo	49.25	49.25

1 Companies proportion of voting power held is same as proportion of ownership interest held.

Airtel Africa plc

Annual Report and Accounts 2025

Airtel Africa plc

Annual Report and Accounts 2025

33. Companies in the Group, associate and joint venture

33. Companies in the Group, associate and joint venture

Details of subsidiaries

Details of associate

Details of joint venture (JV)

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