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    AAF   GB00BKDRYJ47

AIRTEL AFRICA PLC

(AAF)
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Delayed Quote. Delayed London Stock Exchange - 01/21 11:38:53 am
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Airtel Africa : Second Closing of Airtel Money Minority Investments

11/16/2021 | 02:16am EST

AIRTEL AFRICA PLC

53-54 Grosvenor Street, London, W1K 3HU

United Kingdom

Airtel Africa plc

('Airtel Africa', or the 'Group')

Second Closing of Airtel Money Minority Investments

London and Lagos, 16 November 2021: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces second closing relating to the Airtel Money minority investment transactions with TPG's The Rise Fund, Mastercard and QIA previously announced by the Group on 18 March 2021, 1 April 2021 and 30 July 2021 respectively.

With the conditions for second closing having now been met, TPG and QIA have each invested a further $50m, and Mastercard a further $25m, in the secondary purchase of shares in AMC BV from a subsidiary of Airtel Africa.

Both QIA and TPG each appointed a director to the board of AMC BV upon the first closings.

With these second closings, Airtel Africa will have received a total of $500m cumulative proceeds from the minority stake sales in Airtel Money from the three investors. As previously reported, the proceeds from these secondary stake sale transactions will be used to reduce Group debt and invest in network and sales infrastructure in the respective operating countries.

-ENDS-

Enquiries

Airtel Africa - Investor Relations

Pier Falcione

+44 7446 858 280

Morten Singleton

+44 7464 830 011

Investor.relations@africa.airtel.com

+44 207 493 9315

Hudson Sandler

Nick Lyon

Bertie Berger

airtelafrica@hudsonsandler.com

+44 207 796 4133

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services, both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

For more information visit www.airtel.africa

Simon O'Hara

Group Company Secretary

Registered Office: 53-54 Grosvenor Street, London, W1K 3HU, United Kingdom Registered in England and Wales | Company Number: 11462215 | Telephone: +44 207 493 9315

Disclaimer

Airtel Africa plc published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 07:15:05 UTC.


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Financials (USD)
Sales 2022 4 537 M - -
Net income 2022 523 M - -
Net Debt 2022 2 979 M - -
P/E ratio 2022 14,0x
Yield 2022 2,66%
Capitalization 7 358 M 7 361 M -
EV / Sales 2022 2,28x
EV / Sales 2023 1,96x
Nbr of Employees 3 525
Free-Float -
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Technical analysis trends AIRTEL AFRICA PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 1,96 $
Average target price 2,04 $
Spread / Average Target 4,01%
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Managers and Directors
Segun Ogunsanya Chief Executive Officer, MD & Director
Jaideep Paul Chief Financial Officer & Executive Director
Sunil Bharti Mittal Chairman
Razvan Ungureanu Chief Technology Officer
Neelesh Singh Chief Information Officer
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