Bharti Airtel raises $1.25bn to boost Africa’s operations

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, has raised $1.25 billion from six global investors, including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd. Raised through a primary equity issuance, the fund now raises the telecommunications company’s value to $4.4 billion and will be used to reduce existing debt […]