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Airtel Africa launches IPO in London, seeks to raise USD 750 mln
2019-06-04 10:44:00| Telecompaper Headlines
(Telecompaper) Airtel announced that its unit Airtel Africa plans to raise gross proceeds of USD 750 million through its listing on the main market of the London Stock Exchange. In a statement, the operator confirmed it was going ahead with the listing and would freely float at least 25 percent of shares in Airtel Africa, with a further 15 percent of shares made available under an overallotment option. Airtel Africa is also considering a listing of its shares on the Nigerian Stock Exchange.
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Category:Telecommunications