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Airtel’s regional units post Sh19b in losses
The firm now expects to raise $11.02 million through an IPO, which is way below the $291 million its main competitor Vodacom managed to raise last month. PHOTO FILE | NMG
The Tanzanian unit of Indian telecommunications giant, Bharti Airtel, which has submitted its prospectus to the capital markets regulator for a possible listing at the Dar es Salaam Stock Exchange (DSE), is technically insolvent.
Airtel Tanzania’s liabilities now exceed its assets.
