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Airtel Africa Plc ( (GB:AAF) ) just unveiled an announcement.
Airtel Africa Plc has executed a buy-back program, acquiring 500,000 of its own ordinary shares. These shares, purchased at an average price of 114.06 GBp, will be canceled, reflecting the company’s ongoing efforts to manage its capital structure effectively. This move, part of a broader buy-back initiative launched on December 23, 2024, underscores Airtel Africa’s commitment to enhancing shareholder value and optimizing its financial strategy.
More about Airtel Africa Plc
Airtel Africa Plc operates in the telecommunications industry, providing mobile and internet services across Africa. The company focuses on delivering voice and data services, as well as mobile money services to a broad market segment in various African countries.
YTD Price Performance: -9.12%
Average Trading Volume: 3,349,553
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £4.17B
For a thorough assessment of AAF stock, go to TipRanks’ Stock Analysis page.
