Airtel Africa looking to launch mega IPO in London: report | Editorji
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Airtel Africa looking to launch mega IPO in London: report

May 29, 2019 18:12 IST

Bharti Airtel is reportedly planning a share sale for its Africa unit in London. The decision is part of Airtel’s push to cut its debt load that's ballooned to more than $16 billion. Shares of Airtel Africa could start trading on the London Stock Exchange in June in a deal that could raise about $1 billion. Airtel is Africa's second-largest mobile operator behind Johannesburg-based MTN Group with almost 100 million subscribers across 14 countries including Nigeria, Kenya and Tanzania.

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