Airtel Africa Plc says its Kenyan subsidiary, Airtel Kenya Networks Ltd, has bought 60 megahertz (MHz) of further spectrum within the nation for $40 million.
Simon O’Hara, Airtel Africa’s secretary, disclosed this in a company submitting on the Nigerian Change Restricted (NGX).
The corporate stated the extra spectrum is within the 2600 MHz band from the Communications Authority of Kenya (CA). It stated the licence can be legitimate from July 2022 for a interval of 15 years.
“Airtel Africa, a number one supplier of telecommunications and cellular cash providers, with a presence in 14 nations throughout Africa, in the present day pronounces that its Kenya subsidiary, Airtel Kenya Networks Restricted (‘Airtel Kenya’), has bought 60 MHz of further spectrum within the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of $40m.
The licence is legitimate from July 2022 for a interval of 15 years,” the assertion reads.
“This extra spectrum will assist our 4G community capability growth out there for cellular information and stuck wi-fi residence broadband functionality, and can permit for future 5G rollout, offering important capability to accommodate our continued robust information progress within the nation.”
Kenya rolled out its fifth technology (5G) community in 2022 — with Safaricom, a cellular community supplier, taking the lead.