Largest Listed Telecom Companies in Africa
by Market Cap.
Africa's telecom names are some of the continent's most visible market leaders. This ranking compares them by USD market cap, regardless of local listing currency.
USD-normalized market cap
| Rank | Company | Exchange | Country | Sector | Market Cap (USD) | Price | Daily Change | Last Updated |
|---|---|---|---|---|---|---|---|---|
| 1 | MTN Group Ltd MTN | JSE | South Africa | Telecoms | $22.97B | R209 | +0.40% +0.83 | 1d ago |
| 2 | MTN Nigeria Communications Plc MTNN | NGX | Nigeria | Telecoms ICT | $13.96B | ₦915 | +5.17% +45 | 1d ago |
| 3 | Safaricom SCOM | NSE | Kenya | Telecoms Telecommunication | $9.39B | KSh29.7 | 0.34% -0.1 | 11h ago |
| 4 | Airtel Africa Plc AIRTELAFRI | NGX | Nigeria | Telecoms ICT | $8.25B | ₦3,021.3 | — +0 | 1d ago |
| 5 | MTN Ghana MTNGH | GSE | Ghana | Telecoms Telecommunications | $7.69B | — | — — | 11h ago |
| 6 | Telecom Egypt Company ETEL | EGX | Egypt | Telecoms | $2.99B | E£93.5 | 0.74% — | 11h ago |
| 7 | Airtel Malawi Plc AIRTEL | MSE | Malawi | Telecoms Telecom | $708.85M | MK112.37 | 0.04% — | 11h ago |
| 8 | Blue Label Telecoms Ltd BLU | JSE | South Africa | Telecoms Support Services | $468.68M | R8.86 | +0.23% +0.02 | 1d ago |
| 9 | Telekom Networks Malawi Plc TNM | MSE | Malawi | Telecoms Telecom | $197.49M | MK29.84 | 0.07% — | 11h ago |
| 10 | Invicta Holdings IVT | JSE | South Africa | Telecoms Support Services | $192.40M | R37 | +0.49% +0.18 | 1d ago |
| 11 | Botswana Telecommunications Corporation Limited BTCL | BSE | Botswana | Telecoms ICT | $110.65M | P1.46 | +0.00% +0 | 6d ago |
| 12 | eTranzact International Plc ETRANZACT | NGX | Nigeria | Telecoms ICT | $100.29M | ₦15 | 5.06% -0.8 | 1d ago |
| 13 | Invicta Hldgs Ltd pref IVTP | JSE | South Africa | Telecoms | $45.47M | R110.4 | — — | 1d ago |
| 14 | CWG Plc CWG | NGX | Nigeria | Telecoms ICT | $40.37M | ₦22 | +2.33% +0.5 | 1d ago |
| 15 | Chams Holding Company Plc CHAMS | NGX | Nigeria | Telecoms ICT | $22.83M | ₦3.49 | +5.76% +0.19 | 1d ago |
| 16 | NCR (Nigeria) Plc NCR | NGX | Nigeria | Telecoms ICT | $15.62M | ₦199 | — +0 | 1d ago |
| 17 | Huge Group HUG | JSE | South Africa | Telecoms Fixed Line Telecommunications | $12.98M | R1.5 | +0.00% +0 | 1d ago |
| 18 | Legend Internet Plc LEGENDINT | NGX | Nigeria | Telecoms ICT | $7.78M | ₦5.35 | 9.32% -0.55 | 1d ago |
| 19 | Omatek Ventures Plc OMATEK | NGX | Nigeria | Telecoms ICT | $4.19M | ₦1.96 | 2.00% -0.04 | 1d ago |
| 20 | Bon Appetit Plc BAPLC | NGX | Nigeria | Telecoms ICT | $45.4K | ₦6.25 | — +0 | 1d ago |
How this ranking works
Every company on this page is ranked by USD-normalized market capitalization. The page still shows the original local market price and local market cap when you switch the display currency, but the order never changes.
Why USD?
A Nigerian naira market cap and a South African rand market cap are not directly comparable. USD normalization gives a clean continent-wide ranking without changing the underlying country pages.
What counts here?
The page is built for listed securities. ETFs and similar vehicles are hidden by default, but they can be revealed with the listed-only toggle if you want the broader market picture.