Airtel Africa purchased 60 megahertz (MHz) more of telecom spectrum in the 2600 MHz from the Communications Authority of Kenya, the wireless carrier said on Monday, its second of such transaction on the continent in less than two months.
Completed at a total cost of $40 million, the acquisition by Airtel Kenya Networks Limited comes after the mobile operator in June paid $42 million for 58 MHz in the Democratic Republic of Congo, the biggest country by area under its coverage.
The firm earlier agreed to four part payments summing up to $20 million spread over three years for its operating and spectrum license in Kenya, where it grew revenue by 20.8 per cent compound annual growth rate in the three years to December 2021.
Airtel Africa said in a note seen by PREMIUM TIMES “the license is valid from July 2022 for a period of 15 years.”
The latest acquisition dually clears…
