Airtel Kenya has paid KSh1.13 billion to the Communications Authority (CA) for a new spectrum license to be used for 10 years.
This means the telco will be able to meet rising demand from its customers in need of additional data services without increasing bundle charges.
As a result, the regulator has given the operator a non-contiguous 2×10 MHz block of spectrum in the 2100 MHz for $10 million valid for 10 years.
In addition, the telco has committed itself to clear the KSh2.2 billion bill for its current license it has been using since 2015. The telco’s operating license expired back in 2015.
Early March 2022, Airtel Africa in its disclosures to the London Stock Exchange, said: “This $30 million (KSh3.4 billion) investment reflects our continued confidence in the tremendous opportunity inherent in the Kenya market.”
Airtel Africa said that in respect of settlements regarding the 2015-2025 operating and spectrum license, Airtel Kenya will pay a total of about $20 million (Sh2.2 billion) in four installments over the next three years.
Airtel Africa plc is a multinational company that provides telecommunications and mobile money services in 14 countries in Africa, primarily in East, Central, and West Africa.
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