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Airtel Africa Plc ( (GB:AAF) ) just unveiled an update.
Airtel Africa announced the initiation of a second share buyback program, aiming to return up to $100 million to shareholders, reflecting confidence in its growth potential and financial stability. The program, beginning with a $50 million tranche managed by Barclays, is set to reduce the company’s capital by purchasing and canceling shares, aligning with its capital allocation policy and operating within regulatory frameworks.
More about Airtel Africa Plc
Airtel Africa is a leading provider of telecommunications and mobile money services, operating in 14 countries across sub-Saharan Africa. The company offers integrated services, including mobile voice and data services, as well as mobile money services, both domestically and internationally, with a focus on enhancing customer experience and transforming lives in Africa.
YTD Price Performance: -15.47%
Average Trading Volume: 3,295,009
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.88B
Learn more about AAF stock on TipRanks’ Stock Analysis page.
