Airtel Africa Agrees Settlements With Kenya for Licenses Totaling $30 Million
07 Marzo 2022 - 1:47AM
Noticias Dow Jones
By Joe Hoppe
Airtel Africa PLC said Monday that it has agreed settlements
totaling $30 million with the Kenyan government for its operating
and spectrum licenses, and to replace its temporary license with a
10-year frequency license.
The London-listed, Africa-focused telecommunications company
said that its subsidiary Airtel Kenya Networks Ltd. has agreed with
the Communications Authority of Kenya to pay a total of around $20
million in four installments over the next three years, in
settlements related to its 2015-2025 operating and spectrum
license.
The company has also agreed to pay $10 million for a 10-year
frequency license for 2x10 MHz of spectrum in the 2100 MHz band,
replacing its temporary license.
"This $30 million investment reflects our continued confidence
in the tremendous opportunity inherent in the Kenya market," the
company said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
March 07, 2022 02:32 ET (07:32 GMT)
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