Uganda’s second largest mobile phone operator, Airtel Uganda, has initiated internal discussions regarding plans to list a 20% stake in the company via an initial public offering (IPO). PR manager David Birungi said the company will notify the market “when discussions are complete.” The Capital Markets Authority (CMA) requires all foreign-owned telecommunications companies to list...
Airtel Uganda has said that ‘discussions are going on internally’ with regard to the listing of a 20% stake in the company via an initial public offering (IPO). A report from the Daily Monitor says the cellco has still to release further details, including the possible timing of the IPO. Holders of National Telecoms Operator (NTO)...
Airtel Uganda paid the Ugandan government $77.79 million to renew its 20-year licence, its latest financial report shows. The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show. This comes as the parent company,...
AIRTEL Tanzania has partnered with Letshego Bank Tanzania to launch a digital savings campaign ‘Save and Win with Timiza Akiba’. With the initiative, Airtel Money customers stand a chance of winning up to 20,000/- a week when they deposit a minimum amount of savings to their Timiza Akiba accounts and don’t withdraw their savings in...
Airtel Africa – Bharti Airtel’s majority-owned pan-African division – confirmed yesterday that it has completed its minority shareholder buyout offer at its largest subsidiary Airtel Nigeria. In a stock exchange note, London/Lagos-listed Airtel Africa said it paid NGN61 billion (USD147 million) for a total 8.22% in minority shareholdings to raise its stake in mobile operator...
The Nigerian Communications Commission (NCC) yesterday announced that three telecoms companies have qualified as approved bidders in the upcoming 3.5GHz spectrum auction for the deployment of 5G networks, namely MTN Nigeria, Airtel Networks (Airtel Nigeria) and Mafab Communications, having met the criteria for participation including payment of an Intention to Bid Deposit (IBD). The NCC reaffirmed that the licence...
Nigeria’s telecoms regulator has picked MTN Nigeria (MTNN.LG), Airtel Africa (AAF.L) and Mafab Communications to bid for 5G licences at an auction set for Dec. 13, it said on Thursday. The Nigeria Communications Commission had said in July that it expected to start auctioning spectrum for the next-generation 5G network in the fourth quarter of this year. Source:...
Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, announces that its B2B provider, Airtel Business, has formed a new partnership with Cisco to provide secure internet access to Small and Medium-sized Enterprises (SMEs) in Africa, in support of their digital transformation journeys. The partnership...
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Mobile Commerce Nigeria has been granted approval in principle by the Central Bank of Nigeria to operate as a super agent in Nigeria. The super agent licence is distinct from the Payment...
Airtel Money has today launched the Airtel Money Mastercard virtual payment solution in Zambia, that allows all Airtel Money customers in the country, even those without a bank account, to make global e-commerce payments safely and securely, underpinned by a growing demand for digital payments. This forms part of Airtel Africa’s strategic partnership with Mastercard to...
