Airtel Africa announces completion of Airtel Nigeria minority buyout offer

Airtel Africa has  announced the completion of the minority shareholding buyback of Airtel Networks Limited (‘Airtel Nigeria’), a subsidiary of Airtel Africa plc and a leading provider of telecommunication services in Nigeria.

The total consideration for the 8.22% minority shareholdings acquired under the buyback is N61 billion, equivalent to $147m using an exchange rate of 415.07 NGN/USD.

Airtel Africa now holds 99.96% ownership over its largest subsidiary.

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