Airtel
American Tower and Airtel Africa Inc Strategic Partnership
American Tower Corporation’s (ATC) African operations and Airtel Africa plc (Airtel Africa, or the Group) today announced that they have entered a multi-year, multi-product agreement, leveraging ATC’s vast portfolio of communications sites and new site and product development capabilities across its footprint in Kenya, Niger, Nigeria and Uganda in support of Airtel Africa’s network rollout. The companies’ combined efforts will substantially increase connectivity on the continent, extend digital inclusion to underserved communities, and advance their mutual greenhouse (GHG) emissions reduction objectives. All new site development under the agreement will comply with ATC’s new green site specifications, which will substantially reduce reliance on fossil fuels, while advancing American Tower’...
Airtel Africa Signs $124-Million Credit Facility with Citi Bank
Sourced from Comms MEA Airtel Africa, one of Africa’s largest telecom groups with a presence in 14 countries across the continent, today announced the signing of a $125-million revolving credit facility with investment banking group Citi through its branch offices/subsidiaries in sub-Saharan Africa. The telecom says that this facility is in line with its strategy to raise debt in its local operating companies, and will include both local currency and US dollar-denominated debt. The facility has a tenor up to September 2024 and will be used to support Airtel Africa’s operations and investments in four of its subsidiaries. Airtel says the facility provides potential interest rate savings in exchange for achieving social impact milestones relating to digital inclusion and gender diversity, wi...
Airtel Reports 13% Revenue Growth for the Second Quarter
Sourced from Comms MEA Airtel Africa, a telecommunications company, has reported a 13% revenue growth for the second quarter of 2022. Total revenues, for mobile services and mobile money services combined, grew in Nigeria by 18.3%, in East Africa by 14.1%, and in Francophone Africa by 11.7%. On its own the mobile money service grew by 26.5%, driven by growth of 26.9% in East Africa and 25.4% in Francophone Africa. The company’s operating profit grew by 20.6% to $425 million. Segun Ogunsanya, CEO of Airtel, expressed that he is pleased with the results. “I am pleased to report that the Group has continued to post double-digit revenue growth, margin improvement and strong earnings growth. I am also particularly pleased with our ongoing strengthening of the balance sheet which continued after...
Airtel Africa Coughs Up $40-Million for New Kenyan Spectrum
Sourced from Comms MEA Airtel Africa, one of the continent’s largest telecommunications groups with a presence in 14 countries, today announces that its Kenya subsidiary, Airtel Kenya, has concluded its purchase of additional spectrum in the country. According to the announcement 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. The current spectrum license 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 th...
Airtel Money is Now On its Own
Sourced from Comms MEA Telecoms group Airtel Kenya has announced that it will be splitting its mobile money business – Airtel Money – from its main company. Instead, Airtel Money will now be operating under the name ‘Airtel Money Kenya Limited’. “Following this business separation, Airtel Money Kenya Limited will take over and continue the provision of the Airtel Money Services, in collaboration with the licensed telecommunications network of Airtel Networks Kenya Limited,” reads the announcement from Airtel. Airtel says that customers that continue to use Airtel Money services agree that their personal information and accounts will still be shared between Airtel Money Kenya Limited and Airtel Networks Kenya Limited. “The continued use of the Airtel Money Service shall be deemed as proof o...
Airtel Kenya Appoints New CEO
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Elon Musk’s Starlink to Provide Internet Services in Nigeria
Image sourced from Independent.co.uk. Elon Musk, a business magnate, announced that Starlink, a satellite internet service he launched through SpaceX, will be providing internet services to two countries in Africa including Nigeria. The Nigerian Communications Commission (NCC) also confirmed this announcement, according to TechCabal. This follows a visit to Nigeria by the Starlink’s team in May last year to discuss the possibility of obtaining a licence. SpaceX, Musk’s spacecraft engineering company, announced early in May that Starlink now operates in 32 countries. Starlink will bring competition to the Nigerian market, taking on large telecoms like MTN and Airtel in a bid to bring stable internet connection to the country. “The company received two licenses, which include the Internation...
Kenyan Government Seeks to Control Safaricom Call Charges
The Kenyan government wants to control the rates that Safaricom charges rivals for terminating calls on its network to protect small telecommunications firms. The new regulations set by the state seek to bar dominant telcos from making profits from mobile termination rates (MTRs). In this regard, Safaricom will now charge fees to cover only the costs of interconnecting calls from its competitors. MTRs, according to Business Daily, are the charges levied by a mobile service provider on other telecommunications service providers for terminating calls on its network. The Kenya Information and Communication (Interconnection) Regulations 2022 set the stage for the Communications Authority of Kenya (CA) to control Safaricom’s rates of interconnecting calls. However, this will only happen if Safa...
Airtel Africa Wants to Get Rid of its Towers to Cut Costs
Sourced from Comms MEA Pan-African telecommunications firm Airtel Africa has reportedly stopped investing in new tower infrastructure in Kenya, and other markets across the continent, as it prepares to sell most of its already-existing infrastructure assets. This is in efforts to reduce ownership of infrastructure as Airtel Africa looks towards leasing instead, according to Business Daily Africa. The International Finance Corporation (IFC), which is funding Airtel Africa, stated in an investment disclosure that Airtel is looking to focus on a cost-saving “asset-light business model” and has “divested most of its telecommunications tower portfolio” with the telecom operator now apparently in the final stages of divesting the majority of its remaining tower portfolio to other tower companies...
Safaricom Hits 30 Million Monthly Active M-PESA Users in Kenya
Image sourced from Business Daily. Telco Safaricom has revealed that its active M-PESA users have surpassed the 30-million mark for its Kenya customers, according to Techweez. Techweez says that this new development follows after the product’s 15th birthday after its launch in May 2007. M-PESA has the most active market accounting for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana, and Egypt. “The growth in M-PESA customer usage has been driven by the launch of various innovations over the years including financial services such as M-Shwari, KCB M-PESA, and Fuliza,” Peter Ndegwa, CEO of Safaricom, said. Last year, Safaricom launched the M-Pesa Super app that enables users to request payments, s...
Airtel Kenya Agrees to $30-Million Spectrum Settlement
Sourced from Comms MEA Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announced that its Kenya subsidiary, Airtel Kenya Networks Limited (‘Airtel Kenya’), has agreed to settlements with the Communications Authority of Kenya regarding its operating and spectrum licences. According to the announcement Airtel Kenya has received approval for the replacement of its temporary licence with a ten-year frequency licence for 2×10 MHz of spectrum in the 2100 MHz band. The agreement will see Airtel Kenya pay a total of $20-million in four instalments over the next three years in respect of settlements regarding the 2015 – 2025 operating and spectrum license. These payments will see the Kenyan telecom settle its du...
Airtel Africa Could Soon Operate as a “Super Agent” in Nigeria
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
