Investors mull how to value Airtel Africa IPO

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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