Airtel Africa has announced it has completed the acquisition of 10MHz of spectrum in the 900MHz band in Nigeria from InterC Network (formerly Intercellular) for a total consideration of USD94 million. The Nigerian Communications Commission (NCC) has approved the transaction, which was first announced in November 2019.
Airtel says the additional spectrum will be used to increase the capacity of its existing network, support the further rollout of 4G, and expand its fixed-wireless broadband offering. The firm said the deal will also allow it to efficiently manage its CAPEX spend for 4G networks, as Airtel operates a single RAN network and the majority of its sites already support the activation of the additional spectrum. The acquisition will also provide more opportunities for data, digital and home broadband services, improve both voice call quality and data experience, and boost Airtel’s competitiveness in the Nigerian market.