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Bharti Airtel is seeking shareholders' approval to increase its stake in U.K-listed Airtle Africa to 79% from around 62.7%.
Bharti Airtel seeks shareholder approval to raise its Airtel Africa stake to 79% via a $2.9B share-swap.
KEY POINTS
- Bharti plans to increase its BT Group stake to just under 30% without a full takeover.
- Bharti views Africa as a market contributing over 25% of its consolidated revenue for FY ending March 2026.
- Airtel Mobile Commerce B.V., an Airtel Africa subsidiary, is planning an IPO to unlock significant value.
COMPANIES
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