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Helios in Talks with Africa Mobile Operators on Fintech Billions

Gareth Jones

1/27/2022 11:05:11 PM

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Gareth Jones

Helios Investment Partners is in talks with Africa’s largest wireless carriers, including MTN Group and Airtel Africa about ways the private-equity firm can help them cash in on their mobile-money and digital-payments platforms.

Africa’s largest wireless carriers, including MTN Group Ltd. and Airtel Africa Plc, are among companies exploring how to unlock value from their multi-billion dollar fintech operations. Johannesburg-based MTN is looking to finalize plans to spin off the lucrative unit by the end of March, while Airtel brought in Mastercard Inc. has a minority investor in its mobile-finance division last year.

https://www.bloomberg.com/news/articles/2022-01-25/helios-in-talks-with-africa-mobile-operators-on-fintech-billions?sref=EcccZSTc

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