REG - Airtel Africa PLC - Nigeria 2100 MHz Spectrum Renewal

Airtel AfricaAnnouncement

09/05/2023 08:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230509:nRSI6717Ya&default-theme=true

RNS Number : 6717Y  Airtel Africa PLC  09 May 2023

 Airtel Africa plc

 

('Airtel Africa', or the 'Group')

 

Nigeria 2100 MHz Spectrum Renewal

 

London, 9 May 2023: Airtel Africa, a leading provider of telecommunications
and mobile money services, with a presence in 14 countries across Africa,
announces that its Nigerian subsidiary, Airtel Networks Limited ('Airtel
Nigeria'), has made a payment of NGN58.7bn ($127.4m), payable to the Nigerian
Communications Commission (NCC), to renew its 2x10MHz 2100 MHz spectrum
licence. Once renewed, the licence will be valid for a period of 15 years
following the expiry of the previous licence (31 April 2022).

This investment to renew the licence reflects our continued confidence in the
opportunity inherent across the Nigerian market, supporting the local
communities and economies 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
 (mailto:Investor.relations@africa.airtel.com)

 Hudson Sandler                                                           +44 207 796 4133

 Nick Lyon

 Emily Dillon

 airtelafrica@hudsonsandler.com (mailto:airtelafrica@hudsonsandler.com)

 

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 (http://www.airtel.africa)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAPMPTMTIMBTJ