Global investors to invest $1.25 billion in Airtel Africa through primary equity issuance
October 24, 2018
Global investors including Warburg Pincus, Temasek, Singtel, SoftBank Group International among others have decided to invest $1.25 billion in Airtel Africa through a primary equity issuance. This will help the operator reduce its debt and pave way for an initial public offering.
According to Airtel, the proceeds will be used to reduce its debt from the current $5 billion and grow its business.
Further, Airtel has said that the investment will be done through a primary equity issuance in the company at a post money equity value of $4.4 billion. In addition to this, the transaction will not involve any sale of shares by existing shareholders.
Share:
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Rush for Funds - 3G and BWA auctions spur the demand for finance
- MTNL posts its results for the first quarter of financial year 2012-2013
- Margins Under Pressure - Bharti and Idea announce fourth quarter results
- Financial briefs of March 2011
- Sterlite Technologies announces results for fiscal year 2010-11
- Sify Technologies Limited reports third quarter results for 2010-11
- RCOM posts consolidated net profit of Rs 1.02 billion for the quarter ended September 2012
- Spice Mobility Limited plans to transfer 47 million shares to two independent non-promoter trusts
- GTL Limited reports 26 per cent fall in profit for the quarter ended December 2010
- Spice Group plans to raise $ 1 billion through overseas listing of Spice Global
No Most Rated articles exists!!
