Airtel Africa PLC Tanzania Spectrum Acquisition (8023C)
October 13 2022 - 5:31AM
UK Regulatory
TIDMAAF
RNS Number : 8023C
Airtel Africa PLC
13 October 2022
Airtel Africa plc
('Airtel Africa', or the 'Group')
Tanzania Spectrum Acquisition
London and Lagos, 13 October 2022: Airtel Africa, a leading
provider of telecommunications and mobile money services, with a
presence in 14 countries across Africa, today a nnounces that its
Tanzania subsidiary, Airtel Tanzania plc ('Airtel Tanzania'),
purchased 140 MHz of additional spectrum spread across the 2600 MHz
(2 blocks of 2x15MHz) and 3500 MHz bands from the Tanzania
Communications Regulatory Authority (TCRA) for a gross
consideration of $60.1m.
This additional spectrum will support our network expansion in
the market for both mobile data and fixed wireless home broadband
capability, including 5G rollout, providing significant capacity to
accommodate our continued strong data growth in the country. This
investment reflects our continued confidence in the opportunity
inherent in the Tanzanian market, supporting the local communities
and economy through furthering digital inclusion and
connectivity.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Alastair Jones +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Emily Dillon
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
www.airtel.africa
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