Investors mull how to value Airtel Africa IPO

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By Sam Kerr
04 Jun 2019

Investors are calculating the value of Airtel Africa, the African subsidiary of Indian telecoms conglomerate Bharti Airtel, as it is going ahead with a floatation on the London Stock Exchange (LSE).

Bank of AmericaCiti and JP Morgan are global co-ordinators. Absa Group, BarclaysBNP ParibasGoldman Sachs, HSBC and Standard Bank are bookrunners.

Airtel Africa is to sell $750m of new shares. The proceeds will be used to reduce net debt. After the listing, Airtel Africa’s net debt will ...

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