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.
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
