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Airtel Africa Plc ( (GB:AAF) ) has issued an announcement.
Airtel Africa announced the purchase of 214,094 of its ordinary shares as part of its share buy-back programme, with the shares to be cancelled subsequently. This move reflects the company’s ongoing efforts to optimize its capital structure and potentially enhance shareholder value by reducing the shares outstanding.
More about Airtel Africa Plc
Airtel Africa is a leading provider of telecommunications and mobile money services, operating in 14 countries in sub-Saharan Africa. The company offers an integrated package to its subscribers, encompassing mobile voice and data services as well as mobile money services, both on a national and international scale. Airtel Africa’s strategy is centered on providing an exceptional customer experience across its footprint, aiming to transform lives throughout Africa.
YTD Price Performance: 13.82%
Average Trading Volume: 3,818,212
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.62B
Learn more about AAF stock on TipRanks’ Stock Analysis page.
