Airtel Africa Plc (Nigeria) – $42m acquisition of an additional 58MHz DRC Spectrum

By Published On: June 13th, 2022Categories: Corporate announcement

London and Lagos, 6 June 2022: AirtelAfrica, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the purchase of 58 MHz of additional spectrum spread across 900, 1800, 2100 and 2600 MHz bands, for a gross consideration of $42m.

The licence for paired spectrum in the 2100 band comes up for renewal in September 2032. All the other licences continue until July 2036.

This additional spectrum will support our 4G expansion in the market for both mobile data and fixed wireless home broadband capability, providing significant capacity to accommodate our continued strong data growth in the country.

DRC is the largest country by area in our portfolio and our second largest market by population. This investment reflects our continued confidence in the tremendous opportunity inherent in the DRC, supporting the local communities and economies through furthering digital inclusion and connectivity.
-ENDS

Enquiries
Airtel Africa – Investor Relations
Pier Falcione
Morten Singleton
[email protected]
+44 7446 858 280
+44 7464 830 011
+44 207 493 9315
Hudson Sandler
Nick Lyon
Emily Dillon
[email protected]


Airtel Africa Plc (AIRTEL.ng)

Share price: 1,905.40 NGN (0.00 | 0.00% – 12/08/22)

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