Airtel Africa has announced a payment of NGN58.7 billion to the Nigerian Communications Commission (NCC) to renew its 2×10 MHz/2100 MHz spectrum license. The license renewal, which was due on April 31, 2022, will be valid for 15 years.
This information was disclosed in a report published on the NGX website and seen by RateCaptain.
According to its reports, it states that “this investment to renew the license reflects our continued confidence in the opportunity inherent across the Nigerian market, supporting the local communities and economies through furthering digital inclusion and connectivity.”
The payment made by Airtel Nigeria is a sign of the company’s continued confidence in the Nigerian market and its commitment to supporting local communities and economies through digital inclusion and connectivity. This investment will help the company provide better and more reliable services to its customers, as well as expand its network coverage across the country.
RateCaptin reports that the 2×10 MHz/2100 MHz spectrum is a critical resource for the telecommunications industry, as it enables operators to provide high-speed mobile broadband services to their customers. With the renewal of its license, Airtel Nigeria will be able to continue offering its customers high-quality voice and data services, as well as innovative products and services that cater to their needs.
The Nigerian Communications Commission, on its part, has expressed its satisfaction with Airtel Nigeria’s commitment to renewing its license, stating that it is a positive development for the Nigerian telecommunications industry. The commission has also reiterated its commitment to promoting a level playing field for all operators in the industry in order to ensure that consumers are able to access high-quality services at affordable prices.
In recent years, the Nigerian telecommunications industry has witnessed significant growth, driven by the increasing demand for mobile data services and the expanding population of smartphone users. This growth has been supported by the government’s efforts to improve the regulatory environment and encourage investment in the industry.
Airtel Nigeria’s license renewal is a positive sign for the Nigerian telecommunications industry, as it demonstrates the company’s confidence in the market and its commitment to investing in the country’s digital future. The renewal of the license will also provide a boost to the industry as a whole, as it will help to create a more competitive environment, which will ultimately benefit consumers.
Airtel Nigeria’s renewal of its 2×10 MHz/2100 MHz spectrum license is a positive development for the Nigerian telecommunications industry. It demonstrates the company’s commitment to investing in the country’s digital future and supporting local communities and economies. With this license renewal, Airtel Nigeria will be able to continue offering its customers high-quality voice and data services, as well as innovative products and services that cater to their needs. The Nigerian Communications Commission has also expressed its satisfaction with the renewal of the license, stating that it is a positive development for the industry as a whole.
The CEO of Airtel Africa, Segun Ogunsanya, commented on the development, saying that Nigeria is a market with enormous potential for future growth in mobile services. He said:
‘’Investment in new technologies and local infrastructure to enable this growth is a strategic priority for the group and will ensure we can 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 digitalization across the country, facilitate economic progress, and transform lives across Nigeria.”
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