Page 3 - Airtel Africa

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Mastercard to invest about Rs 733 crore in Airtel Africa's mobile money biz

Sources privy to the development said Mastercard would get about 3.75 per cent stake in the company

Airtel Africa to sell 1,424 towers to Helios for $119 million

Airtel Africa will sell 1,424 towers in Madagascar and Malawi to Helios Towers for USD 119 million, Bharti Airtel said in a regulatory filing. The two companies have also entered into agreement for tower assets in Chad and Gabon but particulars of the deal were not disclosed. "Airtel Africa today (on Tuesday) announces the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers plc. "The Group's tower portfolios in these two markets together comprise 1,229 towers which form part of the Group's wireless telecommunications infrastructure network," the filing said. The transaction is expected to close in the last quarter of 2021. Airtel Africa has also signed a pact with Helios Towers for sale of additional 195 sites across Madagascar and Malawi over the three years following completion for USD 11 million. "In addition, Airtel Africa has entered into exclusive memorandum of understanding agreements for the potential sale of its

Airtel Africa explores listing mobile money business in four years

TPG Rise Fund to invest $200 mn in the brand

Top headlines: Mumbai staring at night curfew, Adani Green raises $1.35 bn

RBI may have to delay liquidity normalisation amid rising virus cases, TPG's Rise Fund to invest $200 mn in Airtel Africa mobile money biz and other top headlines of the day

TPG's Rise Fund to invest $200 mn in Airtel Africa mobile money biz

The transaction values Airtel Africa's mobile money biz at $2.65 bn

December quarter post-tax profit at Airtel's Africa arm up 13% to $116 mn

Revenue rises 14% to $2,870 mn; Mobile money revenue up 41%, data revenue rises 27% in constant currency terms

Airtel Africa planning to sell 4,500 towers to reduce its $3.5 bn debt

Airtel has a repayment of 750 million euros ($890 million) due in May, while an installment of $505 million is due in March 2023, according to the annual report

Airtel Africa's profit falls 9% to $88 million on higher finance cost

In constant currency terms, Airtel Africa recorded a growth of 19.5 per cent to $472 million in operating profit on a constant currency basis

Airtel Africa Apr-Sept profit drops 37% to $145 mn, revenue up 10.7%

The company had posted a profit after tax of USD 228 million for the same period a year ago

Airtel Africa reports $57 mn profit, falling 53% in constant currency terms

Indian company's revenue grew in constant currency terms across all key business segments

Airtel Africa reports fall of 21% in net profit at $65 mn for March qtr

The African arm of Bharti Airtel reported 15% on-year rise in revenue and 1.81 % sequentially to $899 million, driven by strong contributions from the voice, data and mobile money verticals

Airtel Africa Q3 result: Net profit slumps 23% YoY on higher tax outgo

Operating profit for the telecom entity rose 24 per cent to $399 million.

AGR dues: $3 bn fundraising reduced business flow risk, says Airtel Africa

It added that the group has adequate committed and non-committed facilities to operate as a going concern.

Airtel Africa posts 24% jump in profit before tax at $143 million

The revenue of Airtel Africa grew 9.8 per cent to $844 million during the reported quarter from $769 million in the corresponding quarter of 2018-19

Airtel Africa's mobile money, data growth to double by 2024: Experts

The operator continues to invest in the 4G network, having added nearly 1,500 sites

Airtel Africa data and mobile money penetration to double in next 5 years

Airtel is preparing for the launch of the Mobile Money business in Nigeria

Airtel Africa's net dips 12% to $132 mn in Q1, revenue up 7% at $795.9 mn

This was Airtel Africa's first results announcement after the $750-million initial public offering in June

Airtel Africa London Stock Exchange debut lacklustre, stock falls 15%

Airtel Africa operates across 14 African countries and has over 100 million customers

Airtel Africa falls in London trading debut after raising $750 million

Airtel Africa sale is among the largest IPOs announced in 2019 in London.