• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Bharti Airtel moves closer to leaving Africa

Onome Ohwovoriole by Onome Ohwovoriole
March 15, 2018
in Business News, Spotlight
Bharti Airtel moves closer to leaving Africa
Share on FacebookShare on TwitterShare on Linkedin

Indian telecommunications giant Bharti Airtel has requested several banks to deliver a pitch with regards to a possible Initial Public Offer (IPO) of its holding company for Africa. Some of the finance houses reportedly involved include Barclays, Bank of America Merrill Lynch (BOAML) and UBS.

Bye, Bye Africa?

An Initial Public Offer (IPO) would serve as an exit strategy for what has been a difficult sojourn for the Indian Telco. Bharti founder Sunil Mittal last year admitted regret over a rushed move into the continent.

RelatedStories

Airtel emerges sole bidder for 3.5GHz spectrum licence as Ecobank gets a fine

Airtel reduces debt to parent company by $450 million

July 8, 2022
Airtel Africa listing on NSE, MTN Nigeria listing on NSE

Airtel Africa joins the league of worst debuting stocks in Europe this year

June 28, 2019

“We all must have made lots of mistakes. Lots of decisions, when you look back, I wish they were better thought through. But If you pin me down to one, I would say in 2010 our decision to go to Africa was a bit rushed and that has taken six-seven-eight years and lot of resources and my personal time to fix that.”

Mittal also stated that Bharti would have been better off had it focused its resources on its home market. In what was one of the biggest transactions by an Indian telecommunications firm, Bharti bought the African operations of Kuwait based Zain in April 2010 in a transaction valued at $10.2 billion. The deal was mostly funded by an $8.3 billion loan from a consortium of banks.

Bharti has since attempted to unwind its investment by selling its communication towers and several country operations. Airtel Ghana was merged with domestic rival Tigo in November 2017. Bharti also bought 100% of the parent firm of Tigo Rwanda. Tigo was owned by Millicom International.

In Nigeria, Airtel has recorded some measure of success as it currently runs head to head with Globacom for the 2nd place position in terms of the number of subscribers. Airtel Nigeria had 38.3 million subscribers as at January 2018.


Follow us for Breaking News and Market Intelligence.
Tags: Bharti Airtel
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Airtel emerges sole bidder for 3.5GHz spectrum licence as Ecobank gets a fine
Tech News

Airtel reduces debt to parent company by $450 million

July 8, 2022
Airtel Africa listing on NSE, MTN Nigeria listing on NSE
Business News

Airtel Africa joins the league of worst debuting stocks in Europe this year

June 28, 2019
Bonds
Business News

Ecobank could forfeit N22.5bn as court rules on Airtel case

March 14, 2019
Bharti Airtel, Telkom Kenya, Safaricom, Telecoms, Consolidation, Regulatory approval
Business News

Airtel, Telkom consolidate to battle Kenya’s largest telecoms company

February 9, 2019
Airtel Nigeria
Business News

Airtel Africa secures fund from Qatar Investment Authority

February 4, 2019
Airtel Nigeria
Business News

Ahead of London IPO, Airtel names banks to supervise listing

November 27, 2018
Next Post
List of President Buhari's cabinet, President Buhari appoints cabinet members, President Buhari's Cabinet appointment, Ministries Departments and Agencies of Nigeria, 2019 Budget, Process and Industrial Developments Limited, London Arbitration Tribunal, Federal Government, $9 billion U.K judgment, Nigeria's GDP, GDP growth rate

Nigeria's debt portfolio increases by ₦9.61 trillion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • CBN flags spike in loan defaults, small businesses top defaulters in Q2 2025 
  • Ekiti seeks N175.75 billion NRDF grant to diversify state’s economy 
  • Aradel Holdings appoints Augustine Olorunsola as Interim Board Chairman — Meet him 

Follow us on social media:

Recent News

CBN, forex

CBN flags spike in loan defaults, small businesses top defaulters in Q2 2025 

July 18, 2025
Ekiti State disburses over N1 billion as running grants to schools, special education centres

Ekiti seeks N175.75 billion NRDF grant to diversify state’s economy 

July 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics