Airtel Africa confirms additional spectrum acquisition by Kenya subsidiary for $40m

WorldStage Newsonline– Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa has announced that its Kenya subsidiary, Airtel Kenya Networks Limited  has purchased 60 MHz of additional spectrum in the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of $40m.

A notice at the Nigerian Exchange said the licence is valid from July 2022 for a period of 15 years.

“This additional spectrum will support our 4G network capacity expansion in the market for both mobile data and fixed wireless home broadband capability, and will allow for future 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country,” the notice said.

“Airtel Kenya is one of our largest markets by revenue. This investment reflects our continued confidence in the opportunity inherent in the Kenya market, supporting the local communities and economies through furthering digital inclusion and connectivity.”

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