Browsing: revives

Airtel Africa is reportedly stepping up preparations for the long-awaited initial public offering of its mobile money business, with plans to list the unit in London as soon as the second half of the year.

Airtel Africa has revived plans to spin off and publicly list its fast-growing mobile money business, choosing London over the Middle East for an initial public offering (IPO) that could value the unit at about $10 billion and raise around $1.5 billion, according to people familiar with the matter.