NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN. London, 26 June 2025 AXIAN Telecom, a leading pan-African operator in telecommunications, mobile financial services, and digital infrastructure, has successfully priced its US$600m Senior Notes maturing in 2030. The bond offering, which priced on 25 June 2025, attracted strong interest from global investors. Initial price thoughts were released at 7.875% area, and the notes were ultimately priced with a coupon of 7.250% (and a yield of 7.375%) — a notable result especially amid a challenging global environment. The transaction’s orderbook saw a peak of c.3.0x oversubscription, with robust demand from a diverse range of high quality institutional investors. Proceeds from the issuance will be allocated toward the refinancing of AXIAN Telecom’s existing notes and term loan, as well as general corporate purposes, including expansion of AXIAN Telecom’s digital infrastructure, thereby reinforcing its commitment to sustainable growth and digital inclusion across its markets. As part of the issuance, Axian Telecom included a Sustainable Development Impact Disclosure, communicating its intentions to invest in infrastructure, promote smartphone accessibility and access to mobile financial services, and bring about greater digital connectivity across its operations in Africa. This transaction underscores the growing confidence in African issuers and highlights AXIAN Telecom’s role in driving innovation and connectivity across the continent. The deal was led by J.P. Morgan, Standard Bank, and Standard Chartered Bank, with legal counsel provided by Latham & Watkins (acting for AXIAN Telecom) and White & Case (acting for the initial purchasers). “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.” — Hassan Jaber, CEO, AXIAN Telecom ABOUT AXIAN TELECOM AXIAN Telecom is a pan-African telecommunications service provider operating in nine markets through its operations in Tanzania, Madagascar, Togo, Uganda, Democratic Republic of the Congo, Senegal, Réunion, Mayotte, and the Comoros. It operates across three key business segments, providing mobile and fixed networks as well as digital infrastructure and mobile financial services. AXIAN Telecom has unified its mobile network operators in Tanzania, Madagascar, Senegal, Togo and Comoros under a single brand, Yas, while most of its fintech operations are now branded as Mixx by Yas. The Yas brand aligns to AXIAN Telcom’s aim to create a pan-African powerhouse which brings a more streamlined customer experience and innovations that are solutions driven with real impact. Yas positions itself as a trusted partner, dedicated to helping customers unlock their digital potential. By uniting its operations under one brand, AXIAN Telecom can better serve its customers leveraging the combined resources and assets of a strong, unified pan-African business under one brand. AXIAN Telecom is Africa’s 6th largest mobile operator serving more than 40 million customers and is a market disruptor, having expanded through active acquisitions and heavy network investments since 2015. The group systematically ensure that its businesses have a sustainable and positive impact on the daily lives of millions of people. Find more about AXIAN Telecom: www.axian-telecom.com This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
