Bharti Airtel to raise $1 billion with London IPO

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Similar to a response to the recent listing of its major competitor in Ghana and Nigeria’ India’s Bharti Airtel will be listing its African operation on the London Stock Exchange, LSE.

The Indian company plans to raise up to $1 billion in the IPO.

Operating across Nigeria, francophone and other Anglophone markets, the listing will give the African mobile carrier exposure to global capital.

However, the biggest reason for the London listing is to reduce its leverage and improve its balance sheet.