Africa’s second largest mobile phone operator Airtel Africa on Monday confirmed plans to float on the London Stock Exchange.
It’s targeting a £3.6bn valuation for its IPO on 28 June.
The group has set its price range for the float at between 80p and 100p per share.
Airtel Africa also said it intends to list its shares on the Nigerian Stock Exchange at the same time as the London listing.
The company, which is owned by Indian telecommunications giant Bharti Airtel, operates telecoms and mobile money business across 14 African countries.
Credit: BBC
