Airtel Africa explores IPO for its mobile money unit, Airtel Money, valued at over $4 billion.
Airtel Africa, Africa's second-largest telecom operator, is considering an IPO for its mobile money unit, Airtel Money, which could value it at over $4 billion. The company has held discussions with potential advisers about the listing this year, though a decision has not been finalized. Airtel Money, Airtel Africa's fastest-growing arm, recorded a 31.8% revenue growth in 2022.
March 13, 2024
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