30s
Airtel Money intends to list in London at about $9 billion. It is Airtel Africa's mobile-money business, operating across Africa.
3 min
The Guardian reported on 23 September that Airtel Money, the mobile-money arm of Airtel Africa, intends to float on the London Stock Exchange at about $9 billion. That would be one of the larger London listings in recent years. The company is ultimately controlled by Indian billionaire Sunil Bharti Mittal, and the payments business runs in several African countries. The paper sets the plan against a long drought of new London listings.
10 min
The Guardian reported on 23 September that Airtel Money is preparing a London listing aimed at about $9 billion. This is not a new licence story. It is the mobile-money arm of Airtel Africa, already operating in several African countries, and ultimately controlled by Indian billionaire Sunil Bharti Mittal. The company has announced an intention to float, not a completed debut. The Guardian calls it one of the larger potential London listings in years, against a market that has seen few new flotations. Three facts are enough: who wants to list, the roughly $9 billion target, and that the business is African mobile money rather than a British retail bank. The prospectus and whether the shares actually start trading are in the Guardian story and later exchange filings.
