Telecommunications firm, Airtel Africa, has signed a $125 million revolving credit facility with Citi through its branch offices/subsidiaries in sub-Saharan Africa.

Bharti Airtel, the second largest telecommunications in Africa, is planning to sell its Nigerian unit’s shares exclusively to high net worth investors and qualified institutional investors, through book building.

About $630 million was invested by Bharti Airtel on high speed Long Term Evolution (LTE)/4G to enhance and improve customer experience in its African operations, which include Nigeria and 13 others in the last one year.

Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, yesterday said that the country’s broadband penetration had increased to 33 per cent as at February 2019. Danbatta stated this while receiving a high-powered delegation from Bharti Airtel Group, led by Chief Executive Officer, Airtel Africa, Mandara Raghunath, who paid him a…

The Federal High Court in Lagos has ruled that Bharti Airtel’s purchase of Airtel Nigeria shares from Ecobank in 2018 was contemptuous and amounted to a flagrant disobedience of a court order. The said shares have been the main issue in the protracted dispute between Dr. Oba Otudeko and O & O Networks Limited (a…

The African arm of Bharti Airtel, Airtel Africa added 13.8 million new subscribers to the network at the end of last year, increasing from 84.1 million in 2017 to 97.9 million in 2018. This is even as the Indian telecommunications firm, which operates in 14 countries across the region, has secured more external funding as…

Bharti Airtel is in talks to buy Telkom Kenya, which will help the Sunil Mittal-led telco emerge stronger in the east African market and improve overall valuation of Airtel Africa in the run-up to its initial public offer (IPO), likely in May-June, people aware of the development said. Telkom Kenya is the third-largest telco in…

In February Bharti Airtel Ltd said the holding company for its Africa operations was looking at a potential Initial Public Offering.

While its operations in India deteriorated, underlining local pressures, African operations across Nigeria and 13 other countries continued to improve.

About five to six banks are believed to be pitching Indian telco Bharti Airtel on a potential listing of its Africa operations. The unit could be worth around $6.6 billion. Airtel has a presence in over 15 African countries.

Bharti Airtel is exploring merger and sale options for its mobile towers businesses, as Chairman Sunil Bharti Mittal seeks to get out of the infrastructure game and focus on connectivity.

Bharti Airtel’s Africa business is being valued at $6.6billion even as the Sunil Mittal-led telco’s international holding company for Africa operations explores an initial public offer (IPO) to dilute a minority stake, analysts said.