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On 1 August 2025, Airtel Africa plc and its affiliates agreed with The Rise Fund and Mastercard, minority shareholders in Airtel Mobile Commerce BV (Airtel Money), to defer the exercisable date of their put options. This agreement defers the exercisable date by 12 months, allowing them to sell their shares in Airtel Money to Airtel Africa or its affiliates, with all other material financial terms remaining unchanged.
| Date | 1 Aug 2025 |
| Time | 10:00:00 |
| Category | Corporate updates |
| ID | 5967T |
Airtel Africa plc
("Airtel Africa" or the "Company")
Update on Airtel Money Shareholder Put Options
London and Lagos, 1 August 2025 - Airtel Africa plc, a leading provider of telecommunications and mobile money services across 14 African markets, announces that it and its affiliates have agreed with The Rise Fund, the impact investment platform of TPG, and Mastercard, both minority shareholders in Airtel Mobile Commerce BV ("Airtel Money"), to defer the exercisable date of their put options under their respective agreements by 12 months.
These put options allow them to sell their shares in Airtel Money to Airtel Africa or its affiliates under the existing option deeds. All other material financial terms of the agreements remain unchanged.
-ENDS-
Enquiries
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Airtel Africa - Investor Relations Alastair Jones |
+44 7464 830 011 +44 207 493 9315 |
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Hudson Sandler Nick Lyon Emily Dillon |
+44 207 796 4133 |
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with operations in 14 countries in sub-Saharan Africa. Airtel Africa provides an integrated offer to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The company's strategy is focused on providing a great customer experience across the entire footprint, enabling our corporate purpose of transforming lives across Africa.