Airtel Africa Acquires 60 MHz for $40 Million in Kenya

Africa’s leading telecommunications company Airtel Africa has acquired an additional 60 MHz spectrum in the 2600 MHz band from the Communications Authority of Kenya for $40 million.

The company disclosed this in a statement signed by Simon O’Hara, Group Company Secretary and obtained by Investors King.

According to the company, the license is valid for the next 15 years and will support the 4G network capacity expansion.

It will also support the growth of fixed wireless home broadband capability, allow for future 5G rollout and provide significant capacity to accommodate the company’s continued strong data growth in Kenya.

The statement reads “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.”