Investors mull how to value Airtel Africa IPO

airtel_shop_alamy_230x150
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 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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options