Airtel Africa Ipo News

Companies

Airtel Africa’s profit falls 12.2% to $132 mn on high finance costs

This is the company’s first financial results after it raised $750 million through its IPO last monthAirtel Africa’s revenue rose 6.9% y-o-y to $796 mn, driven by double-digit growth in Nigeria and East Africa

1 min read26 Jul 2019
Companies

Airtel Africa raises $750 mn from IPO, stock drops on debut

Bharti Airtel priced Airtel Africa at 80 pence per share, giving it a market capitalization of around $3.9 bnBharti Airtel had announced plans to consider an IPO for the Africa business in February 2018, and plans to use the net proceeds from the issue of new shares to reduce $4 billion net debt

1 min read28 Jun 2019
Markets

Airtel Africa indicative IPO price implies limited unlocking of value for Bharti

The company has toned down the amount of funds it plans to raise from the IPO: from $1 billion to $750 millionThe price range of 80 to 100 pence per share is a sizeable discount to the pre-IPO placement

2 min read27 Jun 2019
Markets

Airtel Africa's London IPO price set at 80-100 pence per share

Airtel expects to raise $750 million through IPOThe offer is expected to comprise approximately 595.2 million-744.0 million new shares

1 min read17 Jun 2019
Companies

Airtel Africa to raise $750 million via IPO, eyes London listing

Airtel Africa will proceed with an IPO for admission and listing of its shares on the main market of the London Stock Exchange (premium segmentAirtel Africa is also considering listing its shares on the Nigerian Stock Exchange

1 min read4 Jun 2019
Industry

Airtel said to be in talks to buy Telkom Kenya

London-based Helios Investment, which owns a 60 % stake in Telkom Kenya, was looking to partly cash out of the investment which it entered in 2015

1 min read14 Jan 2019
Companies

Bharti Airtel to give Tanzania bigger stake in Airtel Tanzania

Bharti Airtel will now hold 51% in Airtel Tanzania, while the Tanzania government will hold 49%: Bharti Airtel chairman Sunil Mittal

1 min read12 Jan 2019
Companies

Airtel sets up special panel to explore fundraising options

Airtel's move is in line with its endeavour to strengthen its capital structure and balance sheet as it battles Reliance Jio and Vodafone Idea in India's telecom space

2 min read21 Dec 2018
Market

Airtel Africa appoints eight global banks to work on IPO

The proposed IPO of the African unit follows a $1.25 billion fund raise by Airtel Africa, led by Warburg Pincus, Temasek, Singtel, SoftBank Group International and others

1 min read26 Nov 2018
Market

Bharti Airtel’s African safari takes a curious turn

Even if the Tanzanian business were left out, it wouldn't materially change the valuation of Airtel Africa

1 min read5 Nov 2018
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