Airtel Africa appoints JPMorgan, Citigroup, 6 other banks to work on IPO

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'

Bharti Airtel's Africa business arm Monday announced the appointment of eight global banks including J P Morgan, Citigroup and Goldman Sachs to work on its initial public offer plan.

"Airtel Africa Limited Monday announced the appointment of global banks for an intended IPO on an international stock exchange. The banks appointed are JP Morgan, Citigroup, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group," Bharti Airtel said in a statement.

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through