by: xpoolPosted on:

Airtel Africa Prepares for $4 Billion IPO of Mobile Money Unit

Airtel Africa Plc, a prominent telecommunications firm controlled by billionaire Sunil Mittal, is gearing up for an initial public offering (IPO) for its mobile money division, Airtel Money. This initiative has been confirmed by Bloomberg, citing sources familiar with the matter, and was previously reported by Daba Finance. The company’s IPO preparation comes after it secured a valuation of over $4 billion for the unit, according to sources close to the transaction.

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