Airtel to Acquire 60MHz Additional Spectrum in Kenya for $40M – Nairametrics
Airtel Kenya Networks Limited, a subsidiary of Airtel Africa, has acquired 60MHz of additional spectrum in the 2600MHz band from the Communications Authority of Kenya for a gross consideration of US$40 million.
In a disclosure filed with the Nigerian Stock Exchange, the company said the additional spectrum will support its 4G network capacity expansion in the market.
According to the company, the new license is valid from July 2022 for a period of 15 years.
what they say
it said “Airtel Africa, a leading provider of telecommunications and mobile payment services with a presence in 14 countries across Africa, announces today that its Kenyan subsidiary Airtel Kenya Networks Limited (‘Airtel Kenya’) has acquired 60MHz of additional spectrum in the region 2600 MHz band from the Communications Authority of Kenya for a gross price of US$40 million. The license 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 home wireless broadband capabilities and enable future 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country.
“Airtel Kenya is one of our largest markets in terms of revenue. This investment reflects our continued confidence in the opportunities the Kenyan market offers and supports local communities and economies by promoting digital inclusion and connectivity.”
In case you missed it
Nairametrics previously reported that Airtel Africa has acquired additional spectrum to strengthen its service delivery in the Democratic Republic of the Congo (DRC).
According to the company, the 58 megahertz spectrum is divided into the 900, 1800, 2100 and 2600 MHz bands for a gross price of US$42 million.