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Airtel Africa CEO Carves Out Fiber Unit Ahead of Investor Hunt

  • Pan-African carrier looks to “monetize” fiber assets, CEO says
  • Airtel is also focused on fast-growing mobile-money business

Airtel Africa Plc, one of the continent’s biggest telecommunications companies, is separating its fiber-network operations into a new unit before looking for investors, according to Chief Executive Officer Segun Ogunsanya.

The carrier, listed in Lagos and London, has already received expressions of interest in its 65,000 kilometers (40,000 miles) of fiber-optic connections but hasn’t yet evaluated them, the CEO said in an interview with Bloomberg News. Airtel would keep a majority of the unit in any potential transaction, he added.