Pan-African Startup AXIAN Telecom Secures $600M

AXIAN Telecom, a pan-African telecommunications and digital services provider, has raised $600 million through a bond issuance set to mature in 2030.

The bond, priced on June 25, 2025, attracted strong global investor interest, with the final coupon fixed at 7.250% and a yield of 7.375%, lower than the initial price guidance of 7.875%. According to AXIAN Telecom, the issuance was nearly three times oversubscribed.

CEO Hassan Jaber said, “This bond issuance is a testament to the strength of our diversified business model and the trust investors place in our long-term vision. It enables us to accelerate our mission of delivering inclusive digital transformation and connectivity across Africa.”

The funds raised will be used to refinance the company’s existing notes and term loan, as well as support broader corporate initiatives, including the expansion of digital infrastructure in its markets.

As part of the transaction, the company released a Sustainable Development Impact Disclosure, detailing its focus on building infrastructure, improving access to mobile financial services, and increasing smartphone availability to underserved populations.

AXIAN Telecom operates in over nine African markets, including Madagascar, Tanzania, and Togo, serving more than 40 million subscribers across its telecom and fintech services. The company prioritizes digital access, particularly in rural and underserved regions.

J.P. Morgan, Standard Bank, and Standard Chartered Bank jointly managed the bond issuance.