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Airtel Africa plc announced on 25 July 2022 that its Kenya subsidiary, Airtel Kenya Networks Limited, purchased 60 MHz of additional spectrum in the 2600 MHz band. The spectrum was acquired from the Communications Authority of Kenya for a gross consideration of $40 million, with the licence valid for 15 years from July 2022.
| Date | 25 Jul 2022 |
| Time | 07:00:06 |
| Category | Acquisitions and alliances |
| ID | 5258T |
Airtel Africa plc
('Airtel Africa', or the 'Group')
Kenya Spectrum Acquisition
London and Lagos, 25 July 2022: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its Kenya subsidiary, Airtel Kenya Networks Limited ('Airtel Kenya'), has purchased 60 MHz of additional spectrum in the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of $40m.
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.
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.
-ENDS-
Enquiries
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Airtel Africa - Investor Relations Pier Falcione Morten Singleton |
+44 7446 858 280 +44 7464 830 011 +44 207 493 9315 |
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Hudson Sandler Nick Lyon Emily Dillon |
+44 207 796 4133 |
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.