A strong set of results which delivered against our IPO aspirations with performance sequentially improving during the year
More Africa NewsAirtel Africa and Western Union sign money transfer service deal
January 23, 2020by myles
Airtel Africa and Western Union have launched a remittance service to allow customers to send and receive international money transfers from their phones using the Airtel Africa mobile money wallet in India and Africa. This follows the conclusion of new flagship collaborations with Airtel Payments Bank, which has millions of customers and over 500,000 banking...
More Africa NewsAirtel Africa Signs Partnership With Mastercard To Connect 100 Million Consumers
October 9, 2019by myles
Airtel Africa has announced a partnership with Mastercard, giving over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network. The Mastercard virtual (non-plastic) card allows Airtel Money customers, even those without a bank account, to make payments to local and global online merchants that accept Mastercard cards, while...
FinanceMore Africa NewsAirtel Africa begins its introduction to the Nigerian Stock Exchange
July 9, 2019by myles
The Nigerian Stock Exchange (NSE) announces the IPO of Airtel Africa Plc, the African branch of the Indian telecom group Bharti Airtel, on July 9, 2019. This represents a total of 3,758,151,504 shares sold at 363 naira (US $ 0.9896) per share. That is a market capitalization of US $ 3,719,066,728, considered the third largest after...
Airtel Africa has fallen below its initial listing price in its first week of trading. The IPO was priced at GBP 0.80 per share, the bottom of the indicated price range. The stock opened on 28 June at below 68 pence and is since trading at around 71 pence. Airtel said the offer was oversubscribed,...
More Africa NewsBharti Airtel looks to invest $2.4 billion in Africa unit, says report
January 28, 2019by myles
Bharti Airtel has decided to invest as much as $2.4 billion in its Africa unit with to expand its 4G services across the continent, Mint reported on Monday. The telecom operator is also looking for an initial public offering (IPO) for its Africa unit sometime in June-July after having raised $1.25 billion in its pre-IPO...