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Airtel Africa Lists On NSE With N1.36trn - Investment - Nairaland

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Airtel Africa Lists On NSE With N1.36trn by Islie: 7:50am On Jul 10
Lagos – After last week’s suspension of listing on the floor of the Nigerian Stock Exchange (NSE), Airtel Africa finally listed on Tuesday in a N1.36 trillion ($4.4 billion) floatation, turning the telecom company into the bourse’s third largest stock by market value.

Airtel Africa’s shares climbed 10% from their listing price of N363 after the float went live. Some 100,000 shares traded at Tuesday’s debut, helping the main stock index recover from a seven-week low.

The company, owned 68.3% by India’s Bharti Airtel, offered shares in its African unit two weeks ago via a London IPO and said it would dual-list in Nigeria, its biggest market in Africa.

Airtel Africa, which operates across 14 African countries, had planned to list last week but the bourse postponed the cross-border listing to allow the telecoms firm to meet its listing requirements.

Airtel’s listing comes after main rival, South Africa’s MTN, listed its Nigerian unit in Lagos in May in a $6.5 billion floatation that made it the second-largest stock on the bourse by market value.

It also became the second company to list in London and Lagos following an IPO by oil firm Seplat.

Airtel Africa’s existing shareholders include Singapore’s Temasek, Japan’s SoftBank, Singtel, and U.S. investment firm, Warburg Pincus.

The local bourse has said Airtel shares registered in Britain may be moved from the London market to Nigeria subject to approval by the custodians in London and foreign exchange rules in Nigeria.

But Airtel shares registered in Nigeria cannot be moved to London, it said.

The listing of its Africa subsidiary on the London Stock Exchange, according to sources, was aimed at raising money to reduce its debt.

Bharti Airtel had announced the plans to take its Africa subsidiary public in February last year, and in October it completed an initial round of pre-IPO funding of $1.25 billion by issuing 841,908,798 shares to entities affiliated with the Warburg Pincus Parties, Temasek Holdings Private Limited, Singapore Telecommunications Limited, and SoftBank Group International.

Qatar Investment Authority, the sovereign wealth fund of the state of Qatar, said in January it would invest $200 million in the African arm.


https://www.independent.ng/airtel-africa-finally-lists-on-nse-with-n1-36trn/

1 Like

Re: Airtel Africa Lists On NSE With N1.36trn by nabegibeg: 8:24am On Jul 10
Re: Airtel Africa Lists On NSE With N1.36trn by Goodcare(m): 8:24am On Jul 10
Wow

CALL ME FOR YOUR CCTV , ELECTRIC FENCE AND INVERTER ON

0 SEVEN 0 66744 3 one 8
Re: Airtel Africa Lists On NSE With N1.36trn by iornenge81(m): 8:25am On Jul 10
Ok
Re: Airtel Africa Lists On NSE With N1.36trn by Gratefulheart01(m): 8:25am On Jul 10
Whatever all the epistle above may mean, i do not understand.

The only thing i understand about Airtel is when i hear awoof data. Who gives a fvck about what they list on NSE.

10 Likes

Re: Airtel Africa Lists On NSE With N1.36trn by Chuknovski(m): 8:25am On Jul 10
Hallelujah
Re: Airtel Africa Lists On NSE With N1.36trn by paroh137(m): 8:26am On Jul 10
v
Re: Airtel Africa Lists On NSE With N1.36trn by pTomz(m): 8:26am On Jul 10
ok, but can they bring back our 1.5gb night plan thank you

1 Like

Re: Airtel Africa Lists On NSE With N1.36trn by Moneytize: 8:26am On Jul 10
Cool
Re: Airtel Africa Lists On NSE With N1.36trn by SEGLIZ: 8:27am On Jul 10
................
Re: Airtel Africa Lists On NSE With N1.36trn by mixta140(m): 8:30am On Jul 10
Nice
Re: Airtel Africa Lists On NSE With N1.36trn by Antoniosmile(m): 8:30am On Jul 10
Useless network, even 4G won't load WhatsApp
Re: Airtel Africa Lists On NSE With N1.36trn by mixta140(m): 8:30am On Jul 10
Nice.
Re: Airtel Africa Lists On NSE With N1.36trn by Immacrutech(m): 8:31am On Jul 10
Anytime I subscribe data with Airtel they usually use it with me I swear

2 Likes

Re: Airtel Africa Lists On NSE With N1.36trn by supereagle(m): 8:32am On Jul 10
Opportunity ooo. No money to buy shares again.
Re: Airtel Africa Lists On NSE With N1.36trn by falcon01: 8:35am On Jul 10
I have o Idea what I've just read, and am sure am not alone
Re: Airtel Africa Lists On NSE With N1.36trn by Nathphil: 8:36am On Jul 10
Hope that will bring the network coverage to my village
Re: Airtel Africa Lists On NSE With N1.36trn by hisgrace090: 8:40am On Jul 10
Nice move.


But they should endeavour to give Nigerians 4g network now to crown it all.
Re: Airtel Africa Lists On NSE With N1.36trn by thepresence: 8:43am On Jul 10
F
Re: Airtel Africa Lists On NSE With N1.36trn by sirvvy: 8:48am On Jul 10
Airtel 4g data plan, biggest scam!!!! angry

3 Likes

Re: Airtel Africa Lists On NSE With N1.36trn by Erolow(f): 8:51am On Jul 10
shocked
Re: Airtel Africa Lists On NSE With N1.36trn by LIMITLESSng(m): 8:51am On Jul 10
Antoniosmile:
Useless network, even 4G won't load WhatsApp
i swear i think na only me... since dey start the 4G ADVERT i cant even use the network again...inside my office. service will varnish
and saying no network the same place have been using it before the 4G..
Re: Airtel Africa Lists On NSE With N1.36trn by erons22(m): 8:53am On Jul 10
Scam network, if you subscribe monthly plan it won't even last up to 2 weeks angry

1 Like

Re: Airtel Africa Lists On NSE With N1.36trn by LIMITLESSng(m): 8:54am On Jul 10
sirvvy:
Airtel 4g data plan, biggest scam!!!! angry
i dont the way they scam u... but my own worst network no dey work inside my office the place having been using before they start the mumu 4G. I even upgrade my sim card na the same
Re: Airtel Africa Lists On NSE With N1.36trn by RDPMAN: 8:55am On Jul 10
Okay
Re: Airtel Africa Lists On NSE With N1.36trn by LIMITLESSng(m): 8:55am On Jul 10
erons22:
Scam network, if you subscribe monthly plan it won't even last up to 2 weeks angry
that all network in nigeria. not only airtel i sub 1GB everyday.. before 5hours i will be getting msg have use 75% of my data.

1 Like

Re: Airtel Africa Lists On NSE With N1.36trn by Captaintimex: 8:59am On Jul 10
Airtel please bring back on air your Zain African challenge, our life is better with it than BBnaija.

Re: Airtel Africa Lists On NSE With N1.36trn by Benekruku(m): 9:00am On Jul 10
Antoniosmile:
Useless network, even 4G won't load WhatsApp

The 4G they market to you is not "Actual" 4G. Its a substandard.

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