Airtel Nigeria To Buy Back Minority Shareholding At N55.81 Per Share

Airtel Africa has announced that its subsidiary, Airtel Nigeria, has initiated a process to buy back 8.27 per cent minority shareholding at N55.81 per share.

The Group Company Secretary, Simon O’Hara, who disclosed this in a statement, noted that the total consideration was estimated to be N61.24 billion (using an exchange rate of N413.38) assuming all minority shareholders decide to tender their shares.

He said: “This represents an open offer to all shareholders. A further announcement will be made in due course.”

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.

It 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 aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

Editor

+ postsBio

• Editor

  Must Our Girls Scream Before We Hear Them?
• Editor

  World’s Third Smallest Country Changes Name
• Editor

  “Peace Is Built, Not Imposed”: Gen Nwachukwu Says Trust, Not Guns, Will Secure South-East
• Editor

  African Voices To Gather In Lagos For Roundtable On South Africa’s Anti-Immigrant Stance