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- Airtel Africa is set to sell an undisclosed minority stake in its Pan-African mobile money business to private equity firm TPG for $200 million (Sh21.9 billion), underlining the huge value of mobile financial service platforms.
www.businessdailyafrica.com/bd/corporate/companies/airtel-sells-mobile-money-service-pe-firm-for-sh21-billion-3327878Airtel sells mobile money service stake to PE firm for Sh21 ...
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Airtel Africa (NGSE:AIRTELAFRI, MSE:AIRTEL) is set to sell an undisclosed minority stake in its Pan-African mobile money business to private equity firm TPG for $200 million (Sh21.9 billion), underlining the huge value of mobile financial service platforms.
Mar 21, 2021 · Airtel Africa is set to sell an undisclosed minority stake in its Pan-African mobile money business to PE firm TPG for $200 million. TPG is investing in Airtel Money through its investment vehicle-The Arise Fund.
Apr 1, 2021 · By selling off a minority stake in the mobile money business to The Rise Fund, Mastercard and other potential investors, the telecom operator believes it can raise enough cash to monetize...
Mar 18, 2021 · In plain terms, LSE-listed Airtel Africa is raising USD 200 Mn for its mobile money business and giving up a small slice of the business. The same mobile money subsidiary also looks set to be spun into a separate business entity that may go public in the coming years.
Jul 30, 2021 · Qatar Holding LLC, an affiliate of Qatar Investment Authority, the sovereign wealth fund of Qatar, is set to invest $200 million into AMC BV through a secondary purchase of shares from Airtel...
Sep 26, 2024 · Airtel sells 20% of its mobile money business. At the beginning of April, the American company Mastercard announced that it was spending $100m to buy a stake in Airtel Mobile Commerce, thus pipping the Qatar Investment Authority (QIA) at the post by several months.