A telecommunications company operating in multiple African countries, known for its mobile money service, Airtel Money.
Vodacom targets satellite-to-phone service in South Africa next year
Vodacom aims to launch a commercial satellite-to-phone service in South Africa by late 2027. The service will likely be developed in collaboration with AST SpaceMobile.
Airtel Money targets $7 billion valuation in London IPO debut
Airtel Money priced its London IPO at £1.96 per share, valuing the business at £5.3 billion. The IPO is set for October 14, marking the first public price for Airtel Africa’s mobile money segment.
London’s IPO drought could be broken by an African fintech
Airtel Money intends to file for a public listing in London, marking a significant move for the company. The initial public offering (IPO) was originally targeted for the first half of 2026 but has been postponed to the second half due to market conditions.
Airtel Money’s London IPO faces a smaller raise after investor feedback
Airtel Money is seeking to raise at least $800 million through a London IPO, down from an earlier target of $1.5 billion to $2 billion. The IPO could launch as soon as the week of September 21, although final terms are yet to be confirmed.
Starlink direct-to-mobile network launched in key Sadc country
Airtel Africa launched Africa's first commercial direct-to-phone satellite service, Starlink Mobile, on 14 August. The service allows Airtel DRC customers to connect directly to SpaceX's low-Earth orbit satellites using compatible LTE Android smartphones.
