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Airtel Africa to price London listing at bottom of range – bookrunner

Airtel Africa Ltd’s planned initial public offering on the London Stock Exchange is expected to price at 80 pence, the bottom end of its indicated price range, one of the bookrunners handling the sale said.

Airtel Nigeria files application for listing on NSE

Airtel Nigeria has officially filed an application with the Securities and Exchange Commission for the listing of its shares on the Nigerian Stock Exchange.

NCC: Glo, 9Mobile set to list on Stock Exchange

With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and 9Mobile are getting set to do so.

Airtel Africa eyes London stock market listing

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Tuesday it was considering a stock market flotation in London to reduce existing debt.
Hisham Hendi

Tanzania’s top telecom executives charged over $2.5m economic crimes

Tanzanian authorities on Wednesday charged the managing director of Vodacom Tanzania and other telecom executives with economic crimes, court documents seen by Reuters showed.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN Uganda responds to government queries, says ‘we are tax compliant’

Uganda’s biggest telecommunications company MTN has denied government accusations it has been understating its revenues, insisting that it was fully meeting all its tax obligations.

Niger shuts Airtel telecom offices over unpaid taxes

Niger orders closure of Airtel offices in the country over unpaid taxes of 107 million dollars
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN targets mobile banking licence in Nigeria

Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.

Bharti Airtel to delay $8 billion Africa business IPO listing

Bharti Airtel Limited may delay its planned Initial Public Offering (IPO) of its Africa unit due to the turmoil in emerging-market stocks, a source close to the company said.

Airtel Africa raises $1.25bn from SoftBank, five other investors

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Wednesday it had raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd.

NCC orders fresh due diligence on preferred bidder for 9Mobile

Confusion has again hit the bid for 9Mobile as the communications sector regulator, Nigerian Communications Commission (NCC), Wednesday said it had ordered fresh due diligence on the preferred bidder selected for the telecom firm.

9mobile subscribers demand for improved quality of service

Subscribers of the 9mobile network in Abuja have appealed to the Telelogy, the new owner to ensure that it improves the Quality of Service for customers’ satisfaction.

Teleology finalises takeover of 9mobile, pays $50m deposit

Teleology Holdings Ltd., says it is transferring a non-refundable completion deposit of 50 million dollars to the trustees of the bank syndicate presently holding ownership of 9Mobile.

Bharti Airtel joins race to list on Nigerian Stock Exchange

MTN’s slow pace at completing a planned listing on the Nigerian Stock Exchange (NSE) may see rival and leading telecommunications company, Bharti Airtel International (BAIN) overtake it.

Federal govt petitioned over irregularities in 9mobile sale process

The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged “irregularities”.

Investor warns buyers off 9mobile

Spectrum Wireless Communication has issued a buyers beware notice on the sale of 9mobile.

India’s national ID database breached after access was sold for $8

India on Thursday began investigating a report that access to its database of the identity details of more than 1 billion citizens was being sold for just $8 on social media, in what could be one of the giant program’s biggest security breaches.

NCC extends 9mobile sale deadline by 16 days

The sale process of 9mobile will now be concluded on January 16, 2018 following an approval of the extension of the deadline by the Nigerian Communications Commission (NCC), according to TheCable.

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