Can Airtel list mobile money unit and avoid $515m liability in six weeks?
A front view of an Airtel shop. Airtel Africa is pushing to list its mobile money unit in London to avoid a $515 million liability from a 2021 investor put option if the IPO fails.
Airtel Africa Plc is racing against time to list its mobile money subsidiary, Airtel Mobile Commerce BV, on the London Stock Exchange (LSE) to prevent a potential liability of $515 million from the minority shareholders.
The liability relates to an agreement that the telco and the minority shareholders of its mobile money unit (AMC BV) created in 2021.
