Airtel Africa

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Airtel Africa - Total results - 13
Airtel Africa Q3 net profit slumps nearly 21% to $103 million; revenue rises 14.2% to $883 million
Business

Airtel Africa Q3 net profit slumps nearly 21% to $103 million; revenue rises 14.2% to $883 million

Bharti Airtel's Africa unit, Airtel Africa, on Tuesday posted about 21 percent fall in net profit for the third quarter ended December 2019 at $103 million (around Rs 735 crore)

Airtel Africa Q2 net profit up 78% at $96 mn driven by growth in customer base; revenue grows 9.8% to $844 mn
Business

Airtel Africa Q2 net profit up 78% at $96 mn driven by growth in customer base; revenue grows 9.8% to $844 mn

The revenue of Airtel Africa grew 9.8 percent to $844 million during the reported quarter from $769 million in the corresponding quarter of 2018-19.

Airtel crosses the 100 million subscribers in Africa to become second largest operator
News & Analysis

Airtel crosses the 100 million subscribers in Africa to become second largest operator

Airtel Africa claims to be the second-largest mobile operator in Africa in terms of number of active subscribers.

Airtel Africa June quarter profit down 12% to $132 mn; revenue rises 10.2% to $796 mn
Business

Airtel Africa June quarter profit down 12% to $132 mn; revenue rises 10.2% to $796 mn

Airtel Africa on Friday reported 12.2 percent decline in profit after tax to $132.2 million (Rs 911 crore) for the quarter ended 30 June, 2019

Airtel Africa's London IPO price set at 80-100 pence per share; company to raise up to $750 mn
Business

Airtel Africa's London IPO price set at 80-100 pence per share; company to raise up to $750 mn

Bharti Airtel on Monday announced the price range of its Africa business IPO on the London Stock Exchange at 80-100 pence per ordinary share, through which the company expects to raise $750 million (approximately Rs 5,236 crore)

Airtel Africa to raise $750 mn through initial public offering, eyes London listing
Business

Airtel Africa to raise $750 mn through initial public offering, eyes London listing

Telecom operator Bharti Airtel on Tuesday said its subsidiary Airtel Africa expects to raise at least $750 million (approx Rs 5,189 crore) through a public offer and plans a subsequent listing on the London Stock Exchange

Airtel Africa looks at $1 billion London listing; company plans to sell 25% new shares to reduce existing debt
Business

Airtel Africa looks at $1 billion London listing; company plans to sell 25% new shares to reduce existing debt

Telecom czar Sunil Mittal-led Bharti Airtel's Africa unit plans to launch over $1 billion (around Rs 6,970 crore) IPO in London to help reduce debt

Airtel board sets up committee to explore fund raising options for strengthening balance sheet
Business

Airtel board sets up committee to explore fund raising options for strengthening balance sheet

Bharti Airtel had recently raised $1.25 billion from six global investors -- Warburg Pincus, Temasek, Singtel, SoftBank Group and others through a primary equity issuance in Airtel Africa.

Airtel Africa appoints JP Morgan, Citigroup, Goldman Sachs among eight global banks to work on IPO plan
Business

Airtel Africa appoints JP Morgan, Citigroup, Goldman Sachs among eight global banks to work on IPO plan

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'.

SoftBank, SingTel, Temasek, others to invest $1.25 bn in Airtel Africa; co to use funds to reduce debt, upgrade network
Business

SoftBank, SingTel, Temasek, others to invest $1.25 bn in Airtel Africa; co to use funds to reduce debt, upgrade network

The Africa business helped Bharti Airtel post positive income at the end of first quarter of 2018-19.

Bharti Airtel shares soar nearly 11%  after global investors agree to infuse $1.25 billion; m-cap zooms Rs 12,332 crore
Business

Bharti Airtel shares soar nearly 11% after global investors agree to infuse $1.25 billion; m-cap zooms Rs 12,332 crore

Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, have agreed to invest $1.25 billion through a primary equity issuance in Airtel Africa

Bharti Airtel in pact to acquire Millicom's operations in Rwanda, to get 370 million subscribers
Business

Bharti Airtel in pact to acquire Millicom's operations in Rwanda, to get 370 million subscribers

Airtel at present operates in 15 African countries apart from India and South Asia.