Indian telecom operator Airtel’s holding company for Africa mulls IPO

Photo: Mint

India’s biggest mobile carrier Bharti Airtel Ltd said on Wednesday its holding company for Africa operations is looking at a potential initial public offering (IPO).

Bharti Airtel International (Netherlands) BV said the discussion on feasibility of listing its shares on an “internationally recognized” exchange was still in preliminary stage.

Bharti Airtel owns telecom assets in 14 African countries.

For the quarter ended 31 December, Airtel’s African operations reported a 5.3% growth in revenue over last year on constant currency basis.

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