Mutual Fund

Airtel names board of directors for Africa unit ahead of share sale

India’s second largest operator by subscribers Bharti Airtel Ltd on Friday announced the board of directors for Airtel Africa, the holding company for its operations in Africa. The announcement came after the company’s African arm completed raising a fresh equity issue worth $1.25 billion from six leading global investors. Airtel Africa is the holding company of Airtel’s operations in 14 countries in the continent which started in 2010 when it bought Kuwait-based telecom operator Zain’s Africa operations for $10.7 billion.

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