Post Tagged with: "Airtel Africa"

Airtel Africa Gets Listed On London Stock Exchange

Airtel Africa Gets Listed On London Stock Exchange

June 28, 2019 at 4:50 pm 0 comments

Airtel Africa, the second largest telecom operator in Africa, Friday got listed on the London Stock Exchange. The firm raised £595 million through the public offering from a mix of new institutional and existing Airtel Africa investors. The share price, however, dropped sharply  – 22% to reach 70 p,  onRead More

Airtel Africa Appoints 8 Global Banks For IPO

Airtel Africa Appoints 8 Global Banks For IPO

November 26, 2018 at 9:28 am 0 comments

Bharti Airtel’s subbsidiary in Africa, Airtel Africa has appointed eight global banks to assist the firm in its upcoming IPO. The banks selected are J.P. Morgan, Citigroup, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group. The Indian telecom behemoth isRead More

Airtel Africa Inches Closer To IPO, Appoints Board Of Directors

Airtel Africa Inches Closer To IPO, Appoints Board Of Directors

November 3, 2018 at 7:56 am 0 comments

Bharti Airtel’s subsidiary Airtel Africa that operates in 14 countries in the African continent on Friday announced a set of new Board of Directors as a prerequisite for its intended IPO. The Board of Directors includes representatives from Airtel and the investors. The Board of Directors includes – Sunil BhartiRead More

Airtel Refutes News, Says Africa IPO On Schedule

Airtel Refutes News, Says Africa IPO On Schedule

October 29, 2018 at 5:54 pm 0 comments

Bharti Airtel today said its plan to go for public listing is very much on schedule and is not delayed. The company said this reacting a to an earlier news report that said the firm has delayed its Africa IPO. “We would like to categorically state that Airtel Africa IPORead More

IPO In Mind, Airtel Africa Raises $1.25 Bn From 6 Global Investors

IPO In Mind, Airtel Africa Raises $1.25 Bn From 6 Global Investors

October 24, 2018 at 8:42 am 0 comments

Bharti Airtel’s Africa business or Airtel Africa is planning to raise $1.25 billion from six global investors including SoftBank, Singtel, Temasek and Warburg Pincus to reduce debt and prepare the company for its planned IPO. “The proceeds will be used to reduce Airtel Africa’s existing debt of approx. USD 5Read More

Bharti Closes Millicom Deal In Ghana With Equal Ownership

Bharti Closes Millicom Deal In Ghana With Equal Ownership

October 16, 2017 at 9:25 am 0 comments

Bharti Airtel today said its merger with Millicom in Africa to jointly run the business in Ghana market has been closed. Millicom that offers telecom services in Ghana under Tigo brand will, after the merger, be jointly owned by the Airtel-Millicom entity with equal ownership and governance rights. Both theRead More

Raghunath Mandava Becomes Airtel Africa Chief

Raghunath Mandava Becomes Airtel Africa Chief

December 7, 2016 at 10:52 am 0 comments

Airtel on Tuesday elevated Raghunath Mandava as managing director and CEO of its Africa business. He will take up this role beginning 2017. At present Mandava is the chief operating officer at Airtel Africa. “Raghu (Mandava) joined Airtel Africa as Chief Operating Officer in July, 2016 and having well settledRead More

Sunil Bharti Mittal, CMD, Bharti Airtel

Bharti Airtel Announces Top Level Changes For Africa

February 17, 2016 at 7:55 am 0 comments

Bharti Airtel has announced top level changes for Africa operations and also unveiled a new cluster based organization design. Christian de Faria, MD & CEO, Airtel Africa, has been elevated to the position of executive chairman, Airtel Africa. In his new role, he will continue to support the vision ofRead More

Bharti Airtel Burkina Faso Sell Tower Assets To Eaton Towers

Bharti Airtel Burkina Faso Sell Tower Assets To Eaton Towers

October 27, 2015 at 11:13 pm 0 comments

Bharti Airtel through its subsidiary company Bharti Airtel International (Netherlands) and Eaton Towers today announced the conclusion of the sale and purchase of tower assets of Bharti Airtel Burkina Faso. Airtel has now concluded sale of about 9,000 telecom towers in eight African countries of this Eaton Towers has acquiredRead More

Christian de Faria, CEO, Airtel Africa

Airtel May Raise $2.8 Bn From Africa Tower Sale

October 21, 2015 at 12:17 pm 0 comments

On July 1, 2015, Bharti Airtel had announced plans to divest tower assets in thirteen countries in Airtel Africa to tower companies like American Tower, Helios Towers Africa (HTA), Eaton, IHS Holding (IHS) and others. Till date, Airtel Africa has completed sale transactions in seven countries – Uganda, Kenya, Zambia,Read More