Bharti says Airtel Africa IPO will not affect shareholding of Tanzania unit

Bharti Airtel has reassured the government of Tanzania that the planned listing of Airtel Africa will not affect the shareholding of its local mobile unit, writes the Economic Times. Following reports that the Tanzanian government had raised objections to the proposed IPO of Airtel Africa, Bharti Airtel issued a clarification asserting that the listing ‘will not change the shareholding or control of Airtel Tanzania or its parent company which holds shares in Airtel Tanzania’.

Airtel is understood to be seeking an enterprise value of around USD8 billion for its African business, with the sale expected to take place in early 2019.

Source: TeleGeography