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Airtel Africa explores IPO for mobile money division in under 4 years

Monday 8 November 2021 | 09:55 CET | News
Airtel Africa is exploring a potential IPO for its mobile money business in less than four years, according to the company's investors presentation for its half-year results ending September. Airtel received USD 200 million in new investments from Qatar Investment Authority (QIA) earlier this year, adding USD 300 million from an earlier minority investment agreement with TPG and MasterCard. The result is a net USD 375 million in cash to the company.

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Categories: Mobile & Wireless
Companies: Airtel Africa
Countries: Africa
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