Bharti Airtel appoints 8 global bankers for IPO

Airtel Africa, a subsidiary of India’s telecom operator Bharti Airtel, has appointed eight global banks for an intended initial public offering (IPO) on an international stock exchange.
The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
This is after Airtel Africa raised close to KSh126 billion from Singtel, Warburg Pincus, Temasek, SoftBank Group International, and others through a primary equity issuance to lower its existing debt and grow its business ahead of an intended Initial Public Offering.
In November, Airtel Africa announced its newly constituted Board of Directors. The Board consists of:Sunil Bharti Mittal, Raghunath Mandava, Akhil Gupta, Vishal Mahadevia, Alok Sama, Arthur Lang, Shravin Bharti Mittal and Richard Gubbins.
“The new Board of Directors brings a wealth of industry and governance experience to further drive the Airtel Africa business,” Airtel said.
Airtel Africa operates in 14 countries across Africa.