Investors mull how to value Airtel Africa IPO
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 America, Citi and JP Morgan are global co-ordinators. Absa Group, Barclays, BNP Paribas, Goldman 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 ...Please take a trial or subscribe to access this content.
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