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HomeBUSINESSAirtel Splashes Ksh4.7B to Improve Network

Airtel Splashes Ksh4.7B to Improve Network

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Airtel Kenya Networks Limited (Airtel Kenya), has purchased 60 MHz of additional spectrum in the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of $40 million (Ksh4.7 billion).

The licence is valid from July 2022 for a period of 15 years.

“This additional spectrum will support our 4G network capacity expansion in the market for both mobile data and fixed wireless home broadband capability, and will allow for future 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country,” the telco said in a statement.

“Airtel Kenya is one of our largest markets by revenue. This investment reflects our continued confidence in the opportunity inherent in the Kenya market, supporting the local communities and economies through furthering digital inclusion and connectivity.”

This comes days after Airtel Kenya announced the separation and transfer of the Airtel Money business from Airtel Networks Kenya Limited to Airtel Money Kenya Limited, a new company that will handle the venture.

In a statement, Airtel Kenya said that Airtel Money Kenya Limited will take over the provision of Airtel Money Services effective July 21, 2022.

“We wish to inform our esteemed customers, partners, relevant authorities and the general public that to better serve our customers, we have separated and transferred the Airtel Money Business from Airtel Networks Kenya Limited to Airtel Money Kenya Limited,” AIrtel Kenya said.

Read: New Company Takes Over Airtel Money Operations In Kenya

>>> Airtel, Telkom Customers Can Now Use M-Pesa Paybills

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BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
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