Airtel Africa Mulls IPO of TPG-Backed Mobile Money Unit
- Airtel has been speaking with potential advisors about listing
- TPG invested in Airtel Money at a $2.65 billion valuation
Africa’s second-biggest telecom operator has held discussions with potential advisers about listing Airtel Money as soon as this year.
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Billionaire Sunil Mittal’s Airtel Africa Plc is considering an initial public offering for its mobile money unit that could value it at more than $4 billion, according to people familiar with the matter.
Africa’s second-biggest telecom operator has held discussions with potential advisers about listing Airtel Money as soon as this year, the people said, asking not to be identified as the information isn’t public.