Airtel Africa raises £595 mn via London Stock Exchange listing

Airtel Africa opened the markets of the London Stock Exchange to mark the occasion of the pricing of its initial public offering (IPO) on 28 June 2019.
Airtel Africa listing on London Stock Exchange
The company raised gross proceeds of £595 million from a mix of new institutional and existing Airtel Africa investors.

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries, primarily in East Africa and Central and West Africa.

Sunil Bharti Mittal, chairman of Airtel Africa said: “The strong support we have received from institutional investors demonstrates the attractive investment proposition Airtel Africa offers the market.”

Since first investing in Africa almost nine years ago, we have leveraged our expertise in emerging markets to deliver on a clearly defined strategy to build Airtel Africa into a market-leading mobile service provider, increasingly expanding beyond voice into data services and Airtel Money, Sunil Mittal said.

Latest

More like this
Related

What are operator strategies in Africa to manage cyber security?

A GSMA Intelligence survey says more than half of...

List of telecom operators with security investment in Europe

A GSMA Intelligence report has revealed the list of...

DU deploys Cloud RAN solution with Nokia and Red Hat OpenShift

DU, a telecom and digital services provider, has deployed...

Vodafone strategy to sell 3% stake in Indus Towers

Vodafone Group has decided to sell its 3 percent...