Airtel to sell USD 1.25 bln in shares in Africa business to Singtel, Softbank, Temasek

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You Are Here:Airtel to sell USD 1.25 bln in shares in Africa business to Singtel, Softbank, Temasek

(Telecompaper) Indian operator Airtel has agreed to sell USD 1.25 billion in new shares in its African business to major investors, ahead of an IPO of the operations. Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank, have agreed to buy the shares, valuing the company at USD 4.4 billion. 
Source: Industry News (syndicated from Telecompaper.com)

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