Airtel Africa

Airtel Africa’s Nigerian subsidiary acquired 100MHz of spectrum in the 3500MHz frequency and 2x5MHz of 2600MHz from the Nigerian Communications Commission in a $316. 7 million transaction, as it readies 5G rollout in the country.

Airtel Africa took out a series of loans from the World Bank’s International Finance Corporation (IFC) totalling $194 million, cash set to be allocated to backing availability of affordable mobile broadband in six of its markets.

LIVE FROM MWL UNWRAPPED: Airtel Africa environmental and social lead Michael Koech (pictured) highlighted reliance on fossil fuels in some of its markets alongside high energy costs and power grid reliability as challenges it must overcome in pursuit of green…

Operator group Airtel Africa opened a $125 million credit facility with financial services provider Citi, with the company planning to use available cash to support operations in four of its markets.

Airtel Africa added banking services to its portfolio of Smartcash Payment Service Bank services in Nigeria, building on a domestic remittance-based set-up launched in May as it seeks to enhance financial inclusion in the country.

Airtel Africa CEO Segun Ogunsanya pledged to revolutionise financial services in Nigeria and drive inclusion, as the company’s local mobile banking arm commenced operations in the country.

Airtel Africa completed the sale of its towers in Malawi to Helios Towers for $54. 7 million, with the former’s local unit signing a 12-year lease agreement to continue to use the equipment.