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Airtel Africa Achieves Zero HoldCo Debt
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Airtel Africa Achieves Zero HoldCo Debt

Airtel Africa Plc (GB:AAF) has released an update.

Airtel Africa Plc has announced the full repayment of its $550 million bond from its cash reserves, marking a notable achievement of zero debt at its holding company level. This development is part of the company’s long-term strategy to lower its foreign currency debt, which has been significantly reduced since its IPO in 2019. The milestone underscores Airtel Africa’s commitment to a robust capital allocation strategy and its ongoing efforts to reduce financial liabilities across its operating companies.

For further insights into GB:AAF stock, check out TipRanks’ Stock Analysis page.

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