Olusegun Ogunsanya will succeed Raghunath Mandava who will retire from his post and as director on Airtel Africa PLC’s board on 30 September, the company said. Before Airtel Africa, Ogunsanya held senior managerial roles at beverage maker Coca-Cola in Ghana, Nigeria and Kenya NEW DELHI : Bharti Airtel Ltd has appointed Olusegun Ogunsanya as the managing...
Airtel Africa has denied reports that it plans to halt operations in Kenya. The rumours were reported by Techweez after Prasanta Das Sarmato, CEO of Airtel Kenya, assessed the viability of the company after The National ICT Policy 2019 was signed. “Equity Participation, a clause in the policy states that only companies with at least 30% substantive...
Airtel Africa PLC has secured a new USD500 million loan facility with a group of relationship banks, it said on Wednesday. The telecommunication services provider said the new committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to 4 years. The facility will be used to...
Mastercard will invest US$100-million (R1.5-billion) in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion (R39.2-billion), the London-listed company said on Thursday. Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the...
Airtel Africa plans to be the number one service provider across all fourteen countries it services on the continent. The telecommunications operator made headlines recently after concluding infrastructure acquisition agreements with Helios Towers, as well as Rise Fund investment of US$200-million in Airtel Mobile Commerce BV (AMC BV). Recently Airtel Africa penned an agreement with...
Helios Towers enters into agreements with Airtel Africa Group companies for the acquisition and rollout of over 2,500 sites Supports the Group’s entrance into four attractive new markets Includes build-to-suit commitment for 315 additional new sites London, 23 March 2021: Helios Towers plc (“Helios Towers”, the “Group”), the independent telecommunications infrastructure company, has signed agreements...
Airtel Africa announced the signing of an agreement under which The Rise Fund, the global impact investing platform of TPG, will invest USD 200 million in Airtel Mobile Commerce. AMC is the holding company for several of Airtel Africa’s mobile money operations and is now intended to own and operate the mobile money businesses across...
The year 2020 has been difficult even for the telecommunications sector. Airtel Africa thus ended the first 9 months of the year with mixed performances. Financial charges of $ 318 million for the 9 months ending December 31, 2020, up 41.4% compared to the same period in 2019, weighed on Airtel Africa’s performance, we learn from...
Airtel Africa has revealed its plans to raise cash by selling a minority stake in Airtel Money – its mobile financial platform. According to Business Daily, this move is part of the company’s strategy to sell some assets. “We are actively pursuing the sale of the remaining owned tower sites that sit across several of our...
Airtel Africa has confirmed that it will not bid for the opportunity to be an MNO in Ethiopia, where government plans have been announced to invite tenders for two new operator licences. The Ethiopian government also has plans to sell a minority stake in the state-owned company Ethio Telecom within nine months. According to Reuters,...
