Airtel Africa extends tower lease agreements with American Tower Corp. for $1.2 billion
Telecom giant aims to stabilize costs and enhance sustainability in key African markets.
Telecom giant aims to stabilize costs and enhance sustainability in key African markets.
According to a recent statement by Airtel Africa, the share buyback program will commence immediately, spanning a duration of up to 12 months.
Mittal owns an indirect 3.38-percent stake in the telecom giant.
In comparison to the previous year’s figures, the telecom company’s profit increased by 97.3 percent.
Airtel Africa is a leading provider of telecom and mobile money services in East, Central and West Africa.
Airtel Nigeria is the most profitable subsidiary of Airtel Africa, a leading telecom and mobile money services provider in Africa.
Both MTN Nigeria and Airtel Africa have received approval-in-principle for a service bank license.
Airtel Africa is a leading telecom and mobile money services provider in Africa, with a presence in 14 countries.
The company has initiated a process to buy back the 8.27-percent minority stake at an offering price of $0.1358 per share.