Airtel Africa announces acquisition of DRC Spectrum

Airtel Africa has announced the purchase of 58 MHz of additional spectrum spread across 900, 1800, 2100 and 2600 MHz bands, for a gross consideration of $42m.

The licence for paired spectrum in the 2100 band comes up for renewal in September 2032. All the other licences continue until July 2036.

This additional spectrum will support our 4G expansion in the market for both mobile data and fixed wireless home broadband capability, providing significant capacity to accommodate our continued strong data growth in the country.

DRC is the largest country by area in our portfolio and our second largest market by population. This investment reflects our continued confidence in the tremendous opportunity inherent in the DRC, supporting the local communities and economies through furthering digital inclusion and connectivity.

Source: Airtel Africa announces acquisition of DRC Spectrum – StocksWatch (stocksng.com)

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