Airtel Africa

Airtel Money, 78% owned by Airtel Africa, is preparing a London IPO valuing the payments business at about £6–7bn. The spin-off leverages Airtel Africa’s FTSE 100 presence and strong fintech growth — monthly active users total 53m with 75m potential customers and circa 20% annual growth. The listing raises cash for existing shareholders without new equity, yet analysts warn it is a home-favourite rather than proof that London will win tougher overseas IPO contests such as Visma. » More on theguardian.com

Airtel Money, the mobile-money arm of Airtel Africa, plans a London IPO aiming for a $8–9bn valuation and to raise about $800m. The business serves 53 million monthly active users across 13 sub‑Saharan countries and generated nearly $1.4bn in revenue last financial year, with Q4 revenue up 38% to £399m. Airtel Africa will retain about 78% after the float; final pricing and offer size will be announced in early October. The company chose London citing investor depth and understanding of emerging markets. » More on theguardian.com

Airtel Africa reported first-quarter revenue of USD 1.85 billion (up 31% year-on-year), above the consensus of USD 1.66 billion. Basic earnings per share rose 27% to 4.4 cents, and profit before exceptional items increased 57%. Customer numbers grew to 189 million (up 11.6%); data revenue was up 27.2% and mobile-money revenue up 25.8% on a constant-currency basis. Adjusted EBITDA was USD 928 million (expectation USD 796.17 million); the company repurchased 10.2 million shares and warned of margin pressure from higher energy costs. London was confirmed as the preferred listing venue for the planned Airtel Money IPO in 2026. » More on de.investing.com