AXIAN Telecom Holding and Management Plc, the parent company of a leading pan-African telecom group (Yas), is pleased to announce that S&P Global Ratings has affirmed its long-term issuer credit rating and senior unsecured debt rating at B+ and revised the outlook from negative to stable.

The rating affirmation follows S&P’s decision to affirm the sovereign ratings of Madagascar and reflects easing near-term risks and stabilising macroeconomic conditions in key markets. Madagascar and Tanzania each contribute approximately 35% of the Group’s EBITDA.

S&P highlighted AXIAN Telecom’s continued ability to pass its stress tests, previously noting that this is supported by the growth prospects in our countries of operations, diversified earnings, adequate liquidity, and improving cash generation.

Last week, Fitch Ratings has also affirmed AXIAN Telecom Holding and Management Plc long term issuer rating at B+, with stable outlook.

Reflecting on the rating action, Hassan Jaber, CEO of AXIAN Telecom, commented:
“These affirmations reflect the strength and resilience of our business model. We remain focused on disciplined execution, strengthening our balance sheet, and delivering sustainable growth across our markets.”

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About AXIAN Telecom

AXIAN Telecom is a pan-African telecommunications service provider operating in eleven markets in Tanzania, Madagascar, Togo, Senegal, Uganda, Kenya, Democratic Republic of the Congo, Comoros, Malawi, Réunion, and Mayotte.   It operates across three key business segments, providing mobile and fixed networks as well as digital infrastructure and mobile financial services.

AXIAN Telecom has unified its mobile network operators in Madagascar, Comoros, Senegal, Togo and Tanzania under a single brand, Yas, while its fintech operations in Tanzania, Togo and Senegal are now branded as Mixx by Yas. The Yas brand aligns to AXIAN Telecom’s aim to create a pan-African powerhouse which brings a more streamlined customer experience and innovations that are solutions driven with real impact.  

Yas positions itself as a trusted partner, dedicated to helping customers unlock their digital potential. By uniting its operations under one brand, AXIAN Telecom can better serve its customers leveraging the combined resources and assets of a strong, unified pan-African business under one brand.

Yas is Africa’s 6th largest mobile operator serving more than 43 million customers and is a market disruptor, having expanded through active acquisitions and heavy network investments since 2015. 

Yas systematically ensure that its businesses have a sustainable and positive impact on the daily lives of millions of people. 

Find more about AXIAN Telecom: www.axian-telecom.com