Bharti Airtel plans listing Africa business

Postado Fevereiro 15, 2018

Bharti Airtel owns telecoms assets in 14 African countries. Bharti Airtel operates in 14 African countries and all the operations are managed by Bharti Airtel International (Netherlands) BV (BAIN).

However, Airtel also added that the discussions were of an exploratory nature and there was no certainty over their outcome.

For the quarter ended December 31, Airtel's African operations reported a 5.3 percent growth in revenue over previous year on constant currency basis. Airtel's Africa operations have reported consistent profits over the past few quarters, with net income for Africa for the quarter ended December standing at $76 million against a loss of $93 million in the corresponding quarter a year ago. Africa accounts for 20-25 per cent of Bharti Airtel's consolidated revenues and operating profit. An analyst with a foreign brokerage said, .