0
Wireless

Bharti Airtel to list African unit, sell tower business in bid to slash debt - report

Wednesday 9 May 2018 | 18:43 CET | News
Bharti Airtel is planning several measures to reduce its USD 14.6 billion debt by USD 4.6 billion over the next three years in a bid to keep its investment grade ratings, Bloomberg reported, citing sources close to the matter. To achieve this goal, the company will try and raise up to USD 1.5 billion by listing a quarter of the equity in its African unit. It hopes to list the assets by the start of next year, either in London or South Africa. The company will also look to sell part of its tower operations. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Bharti Airtel / Infratel / Reliance Jio / Zain
Countries: Africa / India / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Published 27 May 2020 06:23 CET | India
Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to ...

Brookfield consortium to acquire Reliance tower business for INR 252 bln

Published 22 Jul 2019 09:52 CET | India
Reliance Industrial Investments and Holdings Limited (RIIHL), a subsidiary of India's Reliance Industries, has signed an ...

Airtel starts talks with Dish TV on DTH merger - report

Published 21 Mar 2019 09:25 CET | India
Airtel has started talks with Dish TV on a possible merger of their DTH businesses, two people familiar with the matter told the ...

Airtel Africa appoints banks for IPO

Published 26 Nov 2018 16:20 CET | Africa
Airtel Africa has announced the appointment of global banks for an intended IPO on an international stock exchange. The banks ...

Airtel to sell USD 1.25 bln in shares in Africa business to Singtel, Softbank, Temasek

Published 24 Oct 2018 09:04 CET | Africa
Indian operator Airtel has agreed to sell USD 1.25 billion in new shares in its African business to major investors, ahead of an ...

Airtel chooses banks to lead IPO of African business - report

Published 14 Sep 2018 13:32 CET | Africa
Indian operator Bharti Airtel has chosen UBS, JP Morgan and Citi to coordinate the London initial public offering of its Africa ...

Airtel Kenya could list on Nairobi Securities Exchange - report

Published 22 Aug 2018 09:44 CET | Kenya
Airtel Kenya has hinted at plans to list at the Nairobi Securities Exchange, The Star reported. Airtel would become the second ...

Airtel rolls out Bandwidth on Demand platform for businesses across globe

Published 07 Aug 2018 15:09 CET | World
Bharti Airtel launched Bandwidth on Demand platform for customers across the globe, enabling them to manage bandwidth ...

Airtel net profit falls 73.5% in June quarter on continued price war in India

Published 27 Jul 2018 08:28 CET | India
Bharti Airtel reported net profit for its fiscal first quarter to June down 73.5 percent to INR 973 million, hurt by the ...

Idea, ATC to soon complete USD 615 million tower deal in India - report

Published 29 May 2018 11:58 CET | India
Indian operator Idea Cellular and American Tower Corp (ATC) are likely to announce the closure of their USD 615 million tower ...

Indian mobile operators agree to merge tower operators Bharti Infratel, Indus Towers

Published 25 Apr 2018 08:59 CET | India
India's top mobile operators have agreed to merge their tower subsidiaries Bharti Infratel and Indus Towers. This will create the ...





Calendar   /   Industry Events

03 Aug RingCentral Q2 2020
03 Aug Harmonic Q2 2020
03 Aug SBA Communications Q2
03 Aug WoW! Q2 2020
03 Aug Liberty Global Q2 2020
03 Aug NTT Docomo fiscal Q1
03 Aug Cirrus Logic Q1
03 Aug Ceragon Networks Q2
04 Aug Arista Networks Q2 2020
04 Aug Softbank fiscal Q1
04 Aug TIM Q2 2020
04 Aug Inphi Q2 2020
04 Aug Otelco Q2 2020
04 Aug Allot Q2 2020
04 Aug Twilio Q2 2020
04 Aug Boingo Wireless Q2 2020
04 Aug NeoPhotonics Q2 2020
05 Aug Smith Micro Software Q2 2020
05 Aug Inseego Q2 2020
05 Aug Infinera Q2 2020
05 Aug Fitbit Q2 2020
05 Aug Roku Q2 2020
05 Aug Ribbon Communications Q2 2020
05 Aug Magyar Telekom Q2 2020
05 Aug Extreme Networks fiscal Q4
05 Aug Zynga Q2 2020
05 Aug Dasan Zhone Solutions Q2 2020
05 Aug Dialog Semiconductor Q2 2020
05 Aug CenturyLink Q2
05 Aug Samsung Galaxy Unpacked event
::: More Calendar Items