Nigeria, June 10 -- Airtel Africa has repurchased a total of 1.9 million shares since it launched the second phase of its $100 million share buyback programme last month, according to regulatory filings at the Nigerian Exchange Limited.

The telecom operator, which is dual-listed in London and Lagos, announced in May its plan to repurchase more shares in the second phase of the programme after completing the first stage, which ran from 23 December 2024 to 24 April 2024.

Airtel Africa aims to buy back a maximum of $55 million worth of shares in the current phase, expecting it to be completed by 19 November 2025.

"The Company has entered into an agreement with Barclays Capital Securities Limited ("Barclays") to conduct the second tranche ...