One of Africa’s leading telcos, Airtel Africa Plc has continued to mop-up more of its shares through its share buy-back programme announced on March 1, 2024.
So far, the telco whose shares are listed on the Nigeria Exchange Limited has acquired close to 2.61 million units of its shares.
Last week Friday, the company bought 592,158 additional units at 94.36 GBP per share.
Airtel Africa announced that it purchased the shares on the London Stock Exchange from Citigroup Global Markets Limited pursuant to the authority granted by its shareholders as part of its share buy-back programme, details of which were announced on March 1, 2024.
A statement issued by Airtel through NGX said, “Since the commencement of the share buy-back programme announced on March 1, 2024, the Company has purchased 2,609,643 ordinary shares in aggregate, at a volume-weighted average price of GBP 96.35 per ordinary share.”
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
The company offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group said it aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
