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Airtel Africa PLC on Monday said it has revised its buyback arrangement with Barclays Capital Securities Ltd, in case the current tranche fails to complete under the existing arrangement. London-based Airtel operates telecommunications and mobile money services in Africa. In May, it began the second tranche of a buyback scheme to reduce capital, expected to end by November 19. As of Monday, Airtel Africa said it has returned $34.7 million of the maximum $55 million targeted in the second tranche. The revised Barclays arrangement is to repurchase the remaining $20.3 million, and will take effect ‘should it not be possible to complete the second tranche under the existing arrangement,’ Airtel Africa said. The buyback programme is now expected to complete by March 31. Airtel Africa shares were up 0.6% at 222.47 pence on Monday morning in London and have risen by 88% in the last 12 months. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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