“With today’s announcement we are pleased to welcome Mastercard as an investor in our mobile money business, joining The Rise Fund which we announced two weeks ago…”
The Transactions and the Proposed Transactions are the latest strategic divestment of the Group’s tower portfolio as it focusses on an asset-light business model and on its core subscriber-facing operations.
Leading telecom services provider, Airtel Africa Plc, said it is working towards selling off part of its mobile money business in Kenya. This is part of efforts by the telco to raise cash.
Airtel Africa Plc announced earlier today that the National Communications Commission (NCC) has approved its application for the renewal of its spectrum licenses. The renewal is in the 900MHz and 1800MHz bands and will serve Airtel’s Nigerian operation.