Airtel Africa PLC Completion of Airtel Nigeria minority buyout offer (2897U)
December 02 2021 - 1:00AM
UK Regulatory
TIDMAAF
RNS Number : 2897U
Airtel Africa PLC
02 December 2021
Airtel Africa plc
('Airtel Africa', or the 'Group')
Completion of Airtel Nigeria minority buyout offer
London and Lagos, 2 December 2021: Further to the buyout offer
announcement of 4 October 2021, Airtel Africa, a leading provider
of telecommunications and mobile money services, with a presence in
14 countries across Africa, today announces 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 NGN 61bn, equivalent to $147m using
an exchange rate of 415.07 NGN/USD.
Airtel Africa now holds 99.96% ownership over its largest
subsidiary.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 207 493 9315
Morten Singleton +44 7446 858 280
Investor.relations@africa.airtel.com +44 7464 830 011
Hudson Sandler
Nick Lyon
Bertie Berger
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
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.
Airtel Africa 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.
For more information visit www.airtel.africa
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END
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