Airtel Networks Limited has 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 stated this in an announcement 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.
“Investment in new technologies and local infrastructure to enable this growth is a strategic priority for the Group and will ensure we are able to provide reliable and affordable services to local communities across the country. 5G is critical to these ambitions, and we look forward to launching new services to drive further digitalisation across the country, facilitate economic progress and transform lives across Nigeria.”
Airtel’s 5G licence acquisition increases the number of 5G licencees in Nigeria to three. In 2021, MTN Nigeria and Mafab Nigeria Communications Limited won the two available lots of 100 MHz TDD slots of 3.5 GHz band.