Airtel Africa Purchases 60 MHz Spectrum for $29 Million in Zambia

Airtel Africa, one of the leading telecommunications companies in Africa, has acquired an additional 60 MHz spectrum for $29 million via Zambia subsidiary, Airtel Networks Zambia plc.

The company made the announcement in a statement signed by Simon O’Hara, Group Company Secretary.

According to Airtel, the new spectrum will help the company expand its network for both mobile data and wireless home broadband. This, it said includes 5G rollout.

“This additional spectrum will support our network expansion in the market for both mobile data and fixed wireless home broadband capability, including for 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country.

“Zambia is one of our largest markets by revenue. This investment reflects our continued confidence in the opportunity inherent in the Zambian market, supporting the local communities and economies through furthering digital inclusion and connectivity.”