Airtel selects UBS, JP Morgan, and Citi to manage IPO of its Africa business

By professo

Bharti Airtel, the India telecommunications firm, has announced the selection of UBS Group, JP Morgan, and Citi to coordinate the company’s initial public offering (IPO).

The firm announced earlier this year in February its intentions to list the holding company for its operations in Africa.

Airtel Africa is targeting the London Stock Exchange for its listing, following a non-binding exploratory discussion regarding international IPOs.


Although the company has not revealed details about the listing or a valuation of its Africa operations, the unit reflects 25% of the firm’s revenue. Airtel has a market value of US$20bn.

The firm’s African operations cover 14 nations on the continent – Chad, Republic of Congo, the Democratic Republic of Congo, Gabon, Kenya, Madagascar, Malawi, Niger, Nigeria, Rwanda, Seychelles, Tanzania, Uganda, and Zambia.


Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East