Singtel invests US$250 million in Airtel Africa Ltd
.jpg)
Singtel has entered into an agreement with its regional associate Bharti Airtel (Airtel) to invest US$250 million in Airtel Africa Ltd, a subsidiary of Airtel with operations in 14 African countries.
Singtel holds a 39.5% effective stake in Airtel. This investment forms part of US$1.25 billion that Airtel has secured from global investors, including Temasek, Warburg Pincus and Softbank Group International, through a primary equity issuance in Airtel Africa, at a post money equity value of US$4.4 billion. The proceeds will be used to reduce Airtel Africa’s existing debt and grow its business ahead of an intended Initial Public Offering.
Airtel Africa is the second largest telecom operator in the continent with a customer base of 91 million. It ranks among the top two operators in most of its 14 markets and has been delivering healthy revenue growth in voice and data services. It has also performed strongly in its mobile wallet service, Airtel Money, which has 11.8 million subscribers.
Mr Arthur Lang, CEO of Singtel’s International Group, said, “Our investment into Airtel Africa reflects our confidence in the long-term growth potential of Africa with its young and growing population. For many of Airtel Africa's customers, the mobile phone is the key enabler for digital and financial inclusion. As Airtel continues to execute on its transformation strategy to become a leader in data and mobile money in Africa, we believe it is in a strong position to benefit from increasing smartphone penetration and mobile money adoption.”
The African continent is projected to be the world’s second-fastest growing economic zone and the fastest growing mobile market with unique mobile subscribers expected to increase from 420 million at the end of 2016 to more than half a billion by 2020. As only 25% of Africa’s population has access to formal banking services, mobile money has filled the gap and become the engine for financial inclusion for both individuals and small businesses.
Source singtel
Industry: Telecommunications News

Latest Jobs
-
- Contract (outside) Cyber Incident manager – current SC clearance ESSENTIAL
- United Kingdom
- N/A
-
Contract (outside) Cyber Incident manager – current SC clearance ESSENTIAL Outside IR35 Client facing (Remote UK) with occasional site visit. Must have current Cyber incident response / management experience. Both proactive planning, escalation, coordination and coordinating response. Stakeholder engagement both technical and non technical teams. Prior experience with Technical incident / digital forensics / crisis management. Immediate role.
-
- Tenable Vulnerability Analyst - CONTRACT outside IR35. SC cleared.
- United Kingdom
- N/A
-
6 month rolling contract Outside IR35- immediate start. Threat and Vulnerability Analyst. Tenable.sc experience needed. The ability to deploy agent, configure environments, run active and passive scans, produce reports and prioritise remediation activities based on output Current and ACTIVE SC clearance is required
-
- ForgeRock Consultant
- N/A
- £600 per day
-
ForgeRock Consultant required for 6 Month Contract (with potential to extend) Outside IR35, Must be willing to work Europe hours (GMT+1) This is a remote position, Looking for a lead ForgeRock Technical Consultant with strong experience of ForgeRock to lead the next phase of deployment. Good understanding of ForgeRock Directory Services. · Responsible for the design and implementation of ForgeRock stack · Install and configure ForgeRock stack to meet customer authentication and authorization requirements, · Design and implement OAuth2 protocol using ForgeRock OpenAM, · Design and develop OpenAM custom authentication modules, · Configure ForgeRock stack to protect RESTful API, · Troubleshoot and support ForgeRock IAM stack. · Designed and developed Restful APIs, This is a great project with an expanding ForgeRock Partner, where you will get to work on some high level deployment projects We are looking for someone with the above experience, who is comfortable hitting the ground running and taking on the reins mid project
-
- Network Security Engineer
- Germany
- €550 a day
-
German- based contract opportunity This is an onsite based position, we would need the Network Security engineer to be able to work on the client site 5 days a week Seeking an experienced Network Security Engineer for a leading technology company. Strong expertise in firewall/IPS solutions, proxy solutions, and certificate management is required. Good hands-on experience in networking and web-related technologies necessary. Strong problem-solving skills and the ability to work under pressure are essential. we are looking for a Network Security Engineer with the following experience: · Expertise in Administration, Management & Troubleshooting of Firewall / IPS solutions / Proxy solutions/Certificate Management Solutions · Good Hands-on Experience on security devices (PaloAlto/ /McAfee Proxy/CISCO ISE/Certificate Management) · Good Hands-on Experience in Networking with skills of switching, routing & wireless Technologies · Familiarity with web related technologies (Web applications, Web Services, Service Oriented Architectures) and of network/web related protocol · Configuration of NAT / PAT, firewall policies, profiling, objects, AD-Integration, backup – restore · Knowledge of Subnetting TCP/IP Communication, VLSM Configuration of VLAN VTP · Configuration of Routing Protocols e.g. RIPv1 & v2, OSPF, EIGRP, BGP Knowledge of standard and extended ACL 12 month contract