One of the continent’s biggest mobile phone operators, Airtel Africa, is planning to list its shares on the London Stock Exchange in June to raise $1bn (£790m) to boost its services, Reuters reports.
Airtel Africa operates in 14 countries on the continent and also wants to list on the Nigerian Stock Exchange, Reuters adds.
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Sunil Bharti Mittal, chairman of Airtel Africa said: “Since first investing in Africa almost nine years ago, we have well leveraged our expertise in emerging markets to deliver on a clearly-defined strategy to build Airtel Africa into a market leading mobile service provider, increasingly expanding beyond voice into data services and Airtel Money.
Airtel Africa is a subsidiary of Bharti Airtel Ltd
