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 2019Bharti 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 2019The 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 2019Airtel 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 2019Airtel 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 2019London-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 2019Bharti Airtel will now hold 51% in Airtel Tanzania, while the Tanzania government will hold 49%: Bharti Airtel chairman Sunil Mittal
1 min read12 Jan 2019Airtel'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 2018The 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 2018Even if the Tanzanian business were left out, it wouldn't materially change the valuation of Airtel Africa
1 min read5 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared