Airtel Africa PLC Kenya spectrum licences (6747D)
07 March 2022 - 06:00PM
UK Regulatory
TIDMAAF
RNS Number : 6747D
Airtel Africa PLC
07 March 2022
Airtel Africa plc
('Airtel Africa', or the 'Group')
Kenya spectrum licences
London and Lagos, 7 March 2022: Airtel Africa, a leading
provider of telecommunications and mobile money services, with a
presence in 14 countries across Africa, today a nnounced that its
Kenya subsidiary, Airtel Kenya Networks Limited ('Airtel Kenya'),
has agreed settlements with the Communications Authority of Kenya
regarding its operating and spectrum licences, and received
approval for the replacement of its temporary licence with a
ten-year frequency licence for 2x10 MHz of spectrum in the 2100 MHz
band. As follows:
-- In respect of settlements regarding 2015-2025 operating and
spectrum licence, Airtel Kenya will pay a total of c.$20m in four
instalments over the next three years.
-- In respect of the 2x10 MHz licence, 2022-2032, Airtel Kenya
has agreed to a ten-year licence for $10m.
Airtel Kenya is one of our largest markets by revenue, and from
FY'18 to FY'21 grew revenues by 20.8% CAGR. This $30m investment
reflects our continued confidence in the tremendous opportunity
inherent in the Kenya market.
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione +44 7446 858 280
Morten Singleton +44 7464 830 011
Investor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Bertie Berger
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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