Airtel Africa PLC Second Closing of Airtel Money Investments (4348S)
16 Noviembre 2021 - 01:00AM
UK Regulatory
TIDMAAF
RNS Number : 4348S
Airtel Africa PLC
16 November 2021
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
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