Nigeria, May 15 -- Airtel Africa has commenced the second tranche of its $100 million share buyback programme, the telecoms operator said on Wednesday, which marked the start date of the share repurchase.

"The second tranche of the share buy-back will amount to a maximum of $55 million and is anticipated to end on or before 19 November 2025," Airtel Africa, which operates in 14 African countries, stated in a regulatory filing at the Nigerian Exchange Limited.

The first phase of the $100 million share repurchase ran from 23 December 2024 to 24 April 2025, during which the wireless service provider bought back 26.3 million shares valued at $45 million in aggregate at a volume-weighted average price of GBP135.1 per ordinary share.

Airtel ...