London  —  Airtel Africa, a subsidiary of Indian telecoms group Bharti Airtel, is considering a stock market flotation in London, it said on Tuesday as part of efforts to expand its data and mobile money services across Africa. The company is aiming to raise about $1bn in a June equity offering, a source close to the deal said. Airtel operates in 14 African markets including the Democratic Republic of Congo, Kenya, Nigeria, Rwanda, Seychelles, Uganda and Zambia. In 2018, the telecom operator raised $1.25bn from six global investors including SoftBank Group, Warburg Pincus and Temasek Holdings. A further $200m  was raised in January from the Qatar Investment Authority (QIA), valuing the company at just under $5bn. Airtel Africa is looking to trade on the main market of the London Stock Exchange, using its premium listing segment, which has more stringent rules than the European Union's minimum requirements, and sell 25%  of new shares to reduce existing debt. The cash injection from ...

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