Deals
India’s Bharti Airtel Plans to Kick Off IPO of $5 Billion Africa Phone Unit
- Airtel Africa could raise about $1 billion from London listing
- Share sale could be one of the largest in London this year
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Bharti Airtel Ltd., India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion, people familiar with the matter said.
Airtel Africa is planning to make a formal announcement about the London listing this month and aims to start trading in June, the people said, asking not to be identified because the matter is private. It’s considering seeking an equity valuation of about $5 billion, they said.