If this pulls through, it could see Econet valued at up to $8 billion. African telecommunications giant, Econet, is looking to raise $1 billion at the London Stock Exchange in 2018. This single move, if possible, will see Econet’s value shoot up to $8 billion in 2018, when you combine new and existing assets. This is according to insider reports from Bloomberg. This valuation is going to be based on an enlarged group, thanks to the acquisition of African telco businesses, according to anonymous sources. Plans haven’t been finalised though, and the final decision will depend on market conditions. Econet in 2016, made some TV acquisitions in Ghana, Nigeria, and Uganda. Econet is currently in talks with Millicom International Cellular SA to buy some Africa-based assets from the Luxembourg-based carrier, although no final decision has been made, one of the people said. Millicom has holdings in four African countries (Tanzania, Chad, Ghana and Rwanda), with a user base of 25 million. So if this pulls through, you bet it will be huge.
