Tag: Airtel Africa
Airtel Africa gets an extra $200M for its mobile money business from QIA
Three months ago, Mastercard invested $100 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa. This was two weeks after it also received $200 million from TPG’s Rise Fund. Today, the African telecoms operator has announced that it has secured another investment…
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Mastercard to invest $100 million in Airtel Africa’s mobile money business
Mastercard will invest $100 million in Airtel Africa’s mobile money business, two firms said today, just two weeks after TPG’s Rise Fund also backed the telecommunications firm’s unit. The London-headquartered firm said it was taking a minority stake in Airtel Africa’s mobile money business. The deal valued Airtel Mobile Commerce…
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Airtel Africa receives $100M for its mobile money business from Mastercard
Two weeks ago, TPG’s Rise Fund invested $200 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa. After closing the deal, the Bharti Airtel subsidiary noted that it was still in discussions to sell additional minority stake (25% of the issued share…
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