Airtel africa to list simultaneously on nse lse

A significant development in the African telecommunications industry!

Airtel Africa, a subsidiary of Bharti Airtel, has announced plans to list its shares simultaneously on the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE). This move is expected to raise around $750 million to $1 billion, making it one of the largest listings in Africa this year.

Here are some key details about the listing:

  1. Dual listing: Airtel Africa will list its shares on both the NSE and LSE, allowing investors in both markets to participate in the company's growth.
  2. Listing date: The listing is expected to take place in the second half of 2020, subject to regulatory approvals.
  3. Number of shares: The company plans to issue around 1.5 billion shares, which will represent approximately 20% of its enlarged share capital.
  4. Price range: The price range for the listing has not been disclosed yet, but it is expected to be between $1.50 and $2.50 per share.
  5. Use of proceeds: The funds raised from the listing will be used to reduce debt, invest in network expansion, and enhance customer experience.
  6. Airtel Africa's operations: The company operates in 14 countries across Africa, with a customer base of over 100 million people.

This listing is significant for several reasons:

  1. Boost to African capital markets: The listing will provide a boost to African capital markets, demonstrating the potential for African companies to raise capital from international investors.
  2. Increased visibility: The dual listing will increase Airtel Africa's visibility among international investors, potentially attracting more foreign investment to the company.
  3. Competition: The listing will also increase competition in the African telecommunications industry, driving innovation and better services for customers.

Overall, Airtel Africa's listing on the NSE and LSE is a significant development for the African telecommunications industry, and it is expected to have a positive impact on the company's growth and development.