Bharti Airtel appoints eight bankers for Africa operations planned IPO

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India April 21, 2016. REUTERS/Adnan Abidi/File Photo

Telecom operator Bharti Airtel Ltd said it has appointed eight global banks for the planned initial public offering (IPO) of its African unit, Airtel Africa Ltd, a subsidiary of the Indian telecom giant, has appointed J.P. Morgan, Citigroup, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group for its IPO, it said in an exchange filing.

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