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
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 Africa claims to be the second-largest mobile operator in Africa in terms of number of active subscribers.
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
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)
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
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
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
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
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
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
Airtel at present operates in 15 African countries apart from India and South Asia.