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Monday, March 27, 2023

Airtel pays $189m to Renew Nigeria Spectrum Licenses for 10 Years

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The Nigerian Communications Commission (NCC) has approved the renewal of the spectrum licenses in the 900MHz and 1800MHz bands for Airtel’s Nigerian subsidiary, Airtel Networks Limited (“Airtel Nigeria”).

Under the terms of the spectrum licenses Airtel Nigeria has paid N71.611 billion ($189 million) in respect of the license renewal fees.

Airtel Africa, is a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa.

The spectrum licenses were otherwise due to expire on 30 November 2021.

Following the application, the NCC subsequently offered Airtel Nigeria the opportunity to renew its spectrum licences in the 900MHz and 1800MHz bands for a period of ten years with effect from 1 December 2021 until 30 November 2031, which Airtel Nigeria has accepted.

Raghunath Mandava, CEO of Airtel Africa, commented: “I am pleased to announce that our application in Nigeria to renew our spectrum licences in the 900MHz and 1800MHz bands for a ten-year period has been approved by the NCC. This is our largest market and we remain focused on bridging the digital divide and expanding our broadband capability in the country. On behalf of Airtel Nigeria and the Group, I would like to thank both the government of Nigeria and the NCC for their cooperation and support in this important process.”

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