Deals
Airtel Considering Exits, Stake Sales at Some Africa Operations
- Rationalization could be completed within a year, Mittal says
- Airtel will not completely exit the African market: Mittal
A man rides a bicycle past an advertisement for Airtel Ghana Ltd.
Photographer: Ty Wright/BloombergThis article is for subscribers only.
Bharti Airtel Ltd., India’s largest mobile-phone operator, is considering mergers or stake sales at some of its Africa operations as it looks to cut debt and make its biggest overseas acquisition profitable.
The moves would pare the size of operations in the continent and could be completed within a year, Chairman Sunil Bharti Mittal said in an interview with BloombergQuint at the World Economic Forum in Davos. Some of Bharti’s businesses in 15 African nations would be affected, he said.