Airtel invests $630m in capital expenditure in Nigeria, 13 others
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.
NCC puts broadband penetration at 33%, mulls 70% in five years
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…
Purchase of Airtel Nigeria shares from Ecobank by Bharti Airtel was in violation of court order, judge rules
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…
Airtel Africa gets $200m cash injection, increases customer base
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…
Airtel set to buy Telkom, targets May/June for IPO
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…
Bharti Airtel’s revenues in Nigeria, 13 others record 1.5% rise
While its operations in India deteriorated, underlining local pressures, African operations across Nigeria and 13 other countries continued to improve.
Six banks pitch for Airtel Africa IPO
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.
Airtel’s Africa business valued at $6.6billion
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.
Bharti Airtel mulls floating shares on African exchange
Bharti Airtel International (BAIN), a subsidiary of India-based, Bharti Airtel, which its Africa operations, confirmed it was investigating a potential initial public offering (IPO) for the business. This may well be spurred by moves by South Africa-based, telco giant, MTN, to float its shares on the floor of the Nigerian Stock Exchange (NSE), to help…