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Airtel Africa looks at $1 billion London listing

Updated : May 29, 2019 08:03 AM IST

The company is aiming to raise around $1 billion in a June equity offering, a source close to the deal said. Airtel operates in 14 African markets including the Democratic Republic of the Congo, Kenya, Nigeria, Rwanda, Seychelles, Uganda, and Zambia.
Last year, the telecom operator raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC, and Temasek Holdings (Private) Ltd.
Airtel Africa is looking to trade on the main market of the London Stock Exchange, using its premium listing segment, which has more stringent rules than the European Union's minimum requirements and sell 25 percent of new shares to reduce existing debt.
Airtel Africa looks at $1 billion London listing
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