London listing for African mobile operator


Airtel Africa - a provider of telecommunications and mobile money services in 14 countries in Africa - is planning to list its shares on the London Stock Exchange.

It also hopes to be included in the FTSE indices.

Sunil Bharti Mittal, chairman of Airtel Africa said: "Since first investing in Africa almost nine years ago, we have well leveraged our expertise in emerging markets to deliver on a clearly-defined strategy to build Airtel Africa into a market leading mobile service provider, increasingly expanding beyond voice into data services and Airtel Money. Today, Airtel Africa is the second largest mobile operator in Africa".

He is also the founder and chairman of Bharti Enterprises, an Indian conglomerate. Bharti Airtel Limited, a listed company in India, owns 68% of the African business through subsidiaries.

Back to that T-Mobile;Sprint deal

Ajit Pai is the chair of the US regulator the Federal Communications Commission and has also been tweeting about the T-Mobile/Sprint deal.

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More on that Sprint/T-Mobile deal

The boss T-Mobile boss John Legere has just tweeted about that deal with Sprint.

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Concessions offered?

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A year ago, US telecoms giant T-Mobile agreed to buy its rival Sprint in a $26bn (£18.9bn) deal.

It was billed as the merger of America's third and fourth largest mobile carriers and designed to create a more competitive firm with about 130 million customers.

But was expected to attract regulatory scrutiny - which looks as if it is getting closer to being completed as there are reports they will announce a series of changes to their deal.