Bharti Airtel’s African market outing plan takes a curious turn

A pedestrian looks up while walking past a Bharti Airtel Ltd. store in Mumbai, India, on Saturday, April 21, 2018. Photographer: Dhiraj Singh/Bloomberg

About a week ago, Bharti Airtel Ltd announced that its Africa unit had raised $1.25 billion from six global investors and that it intends to follow this up with an initial public offering (IPO). The investors, which included SoftBank Group International and Warburg Pincus, got a roughly 28% stake in Airtel Africa Ltd, which is the holding company that owns all of Airtel’s African assets.

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