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Airtel appoints UBS, JP Morgan and Citi to coordinate the London IPO of its Africa business

Friday, 14 September 2018

Bharti Airtel has appointed Union Bank of Switzerland (UBS), JP Morgan and Citi bank to facilitate the coordination of the London initial public offering (IPO) of its Africa business.

Earlier, in February 2018, Airtel’s holding company in Africa was searching for potential IPO runners for its Africa business.

Airtel owns telecom assets in 14 African countries. During the quarter ended June 2018, the revenue from Africa operations amounted to Rs 201 billion and the earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to Rs 68 billion.


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