Headlines

Airtel Africa Acquires New Spectrum From NCC For $316.7 Million

Airtel Africa Plc said its Nigerian subsidiary, Airtel Networks Limited, has acquired 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz from the Nigerian Communications Commission (NCC).

BrandNewsDay reports that Airtel Africa made this disclosure in a notice made available to the Nigerian Exchange Limited, stating that Airtel Networks Limited, has acquired 100 MHz of spectrum in the 3500MHz band.

The deal was for a gross consideration of $316.7 million and will be paid in Nigeria’s local currency the naira.

The statement which was signed by Airtel Group Company Secretary Simon O’Hara, stated that the additional spectrum will support the group’s investments in network expansion for both mobile data and fixed wireless home broadband capability, including 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country and exceptional customer experience.

Advertisement

It stated that the acquisition of the 5G spectrum will underpin the group’s growth strategy by enabling the launch of higher-speed connectivity to enhance customer service and accelerate digitalisation for consumers, enterprises and the public sector.

Key benefits of the 5G network: According to the statement, the key benefits of 5G will include higher speeds, lower latency, significant network capacity as well as an improved user experience.

“Furthermore, the deployment of 5G will accelerate the availability and efficiency of fixed wireless access products across the country, contributing towards Airtel Nigeria’s progress in meeting the National Broadband Plan targets.

Advertisement

”The acquisition of 2600MHz spectrum will complement our already strong spectrum position in the market to enhance network capacity and future-proof our growth opportunity,” the group noted.”

Deployment to enable affordable services: Segun Ogunsanya, the CEO of Airtel Africa also commented on the development, noting that Nigeria is a market with enormous potential for future growth in mobile services.

He said: “Investment in new technologies and local infrastructure to enable this growth is a strategic priority for the Group and will ensure we are able to provide reliable and affordable services to local communities across the country.

Advertisement

”5G is critical to these ambitions, and we look forward to launching new services to drive further digitalisation across the country, facilitate economic progress and transform lives across Nigeria.”

Facebook Comments
Brand News Day

Recent Posts

Apple Unveils iPhone 17 Air, Slick, Slimmer Than Previous Models (PHOTOS)

Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…

2 weeks ago

Six-Year-Old Ella Shoots, Kills American Police Officer In Mother’s Defense

A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…

2 weeks ago

LIRS Urges Taxpayers To Meet March 31 Deadline For Annual Tax Return Submission

The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…

2 weeks ago

Stanbic IBTC Bank Partners Autochek To Boosts Car Ownership, Disburses N4Bn

Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…

2 weeks ago

Stanbic IBTC PMI®: Output Growth Accelerates To Fastest In Just Over One Year

The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…

3 weeks ago

Stanbic IBTC Bank Reintroduces Its Private Banking Offerings To Empower Nigerians Build Lasting Wealth

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions…

3 weeks ago

This website uses cookies.