Airtel Acquires 5G Licence After MTN, Mafab

Airtel Networks Limited has announced that it paid the Nigerian Communications Commission $316.7m for 100 MHz of spectrum in the 3500MHz band for the deployment of fifth-generation network and 2x5MHz of 2600MHz to boost its fourth-generation coverage in the country.

The firm revealed this in a statement on the Nigerian Exchange titled, ‘Nigeria 4G and 5G Spectrum Acquisition.’

According to the firm, the additional spectrum will support its investments in network expansion for both mobile data and fixed wireless home broadband capability, including the 5G rollout.

The Chief Executive Officer, Airtel Africa, Segun Ogunsanya, said, “Nigeria is a market with enormous potential for future growth in mobile services.

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