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Airtel Africa sells stake in mobile money business to Qatar Investment Authority for USD 200 mln

Friday 30 July 2021 | 10:03 CET | News
Airtel Africa announced the signing of an agreement under which Qatar Holding, an affiliate of the Qatar Investment Authority (QIA), will invest USD 200 million in Airtel Mobile Commerce, a subsidiary of Airtel Africa. AMC is the holding company for several of Airtel Africa's mobile money operations and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa's fourteen operating countries. The Transaction values Airtel Africa's mobile money business at USD 2.65 billion on a cash- and debt-free basis.

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