Airtel Africa has acquired 4G and 5G spectrum for a complete of $316.7 million as a part of wider plans to bolster connectivity in Nigeria. The acquisition was accomplished at an public sale the place Airtel Africa was the sole bidder.
In a press release, the corporate detailed it acquired 100MHz within the 3,500MHz band and two blocks of 5MHz within the 2,600MHz band, from the Nigerian Communications Fee (NCC).
The extra spectrum will help community enlargement for each cell knowledge and glued wi-fi broadband functionality together with 5G rollout and capability to accommodate knowledge development in Nigeria.
Airtel Africa CEO Segun Ogunsanya stated: “Nigeria is a market with huge potential for future development in cell companies. Funding in new applied sciences and native infrastructure to allow this development is a strategic precedence for the Group and can guarantee we’re capable of present dependable and reasonably priced companies to native communities throughout the nation.
“5G is essential to those ambitions, and we stay up for launching new companies to drive additional digitalisation throughout the nation, facilitate financial progress and rework lives throughout Nigeria.”