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Airtel Africa sells stake in mobile money business to TPG's Rise Fund

Thursday 18 March 2021 | 09:08 CET | News
Airtel Africa announced the signing of an agreement under which The Rise Fund, the global impact investing platform of TPG, will invest USD 200 million in Airtel Mobile Commerce. AMC is the holding company for several of Airtel Africa's mobile money operations and is now intended to own and operate the mobile money businesses across all of Airtel Africa's fourteen operating countries, Airtel said. 

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