To become the major telecom operator in DRC, Airtel wants to attract new clients by investing heavily in broadband internet, amid growing demand.
Telecom operator Airtel Africa PLC announced, Monday (June 6), the acquisition of an additional 58 megahertz of spectrum in the 900 MHz, 1800 MHz, 2100 MHz, and 2600 MHz bands in the Democratic Republic of Congo. According to the operator, the spectrum cost US$42 million. It adds that the 2100 MHz band will be renewed in September 2032 and the others will be due for renewal in July 2036.
The new spectrum will allow Airtel Telecom to expand its fourth-generation (4G) mobile network. "This additional spectrum will support our 4G expansion in the market for both mobile data and fixed wireless home broadband capability, providing significant capacity to accommodate our continued strong data growth in the country," Airtel Africa wrote in a statement.
For months now, the telecom operator has been negotiating a US$194 million loan from the International Finance Corporation (IFC) to support its investment needs in seven markets, namely, Chad, the Democratic Republic of Congo, Kenya, Madagascar, Niger, the Republic of Congo and Zambia. "This investment reflects our continued confidence in the tremendous opportunity inherent in the DRC, supporting the local communities and economies through furthering digital inclusion and connectivity," Airtel writes.
The new capacity is expected to strengthen Airtel Congo's position in the Congolese telecom market. According to latest figures from the Post and Telecommunications Regulatory Authority (ARPTC), the operator was controlling 27.91 percent of the local market share in the second quarter of 2021, just behind market leader Vodacom, which was controlling 34.64 percent. This investment should also enable it to improve the quality of telecom services provided to the population and improve its returns.
Isaac K. Kassouwi
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Egypt unveils first locally produced Nasr Star minibuses El Nasr Automotive restarts production after more than 15 years Vehicles made with over 70%...
Trial phase begins with arrival of CMA CGM HELIUM Terminal targets capacity of up to 3.5 million TEUs per year Project supports Egypt’s push to become...
Total cargo throughput reaches 33.52 million tons Container traffic rises 18.9% to 546,931 TEUs Vessel calls increase 8.4% year on year Nigeria’s...
€200m approved to modernize the Tafiré–Ferkessédougou section of national road A3 Project targets a key link between the port of Abidjan and the...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...