RNS Number : 0797J

Airtel Africa PLC

18 December 2020

Airtel Africa plc

("Airtel Africa", or the "Group")

Airtel Uganda Issued National Telecom Operator Licence

London and Lagos, 18 December 2020: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Uganda Limited ("Airtel Uganda") has been issued a National Telecom Operator Licence. This follows a period of negotiation and transition to a new Licensing Regime.

The new licence is with effect from 1 July 2020 and is for a period of 20 years. Airtel Uganda thanks the Government of Uganda and the Uganda Communications Commission for its cooperation on this important process.

Airtel Uganda will retain all its current spectrum subject to the law and terms of assignment. The scope of services will be the provision of basic telecommunication services, infrastructure services, and value-added telecommunication services. In addition, Airtel Uganda commits to achieving coverage of 90% of the geographical boundary of Uganda within five years of the effective date of the licence - with a minimum obligation of providing voice and data services.

Under the terms of the licence Airtel Uganda has paid USD 74.6 million which includes VAT of USD 11.4 million.



 Airtel Africa - Investor Relations 
  Pier Falcione 
  Morten Singleton 
  Investor.relations@africa.airtel.com    +44 207 493 9315 
 Hudson Sandler 
  Nick Lyon 
  Bertie Berger 
  airtelafrica@hudsonsandler.com          +44 207 796 4133 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.


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(END) Dow Jones Newswires

December 18, 2020 02:00 ET (07:00 GMT)