Airtel Nigeria, the subsidiary of Africa leading Provider of Telecommunications and Mobile Money service, Airtel Africa, says its acquisition of 5G spectrum will accelerate digitization for Customers and Public Sectors.
In a Data made available on Nigeria Exchange ( NGX),the company Said:
“The acquisition of 5G spectrum will underpin our growth strategy by enabling the launch of higher speed connectivity to enhance customer service and accelerate digitalisation for consumers, enterprises and the public sector. The key benefits of 5G will include higher speeds, lower latency, significant network capacity as well as an improved user experience”.
Furthermore, the deployment of 5G will accelerate the availability and efficiency of fixed wireless access products across the country, contributing towards Airtel Nigeria’s progress in meeting the National Broadband Plan targets.
According to the telecommunications provider “The acquisition of 2600MHz spectrum will
complement our already strong spectrum position in the market to enhance network capacity and future proof our growth opportunity”
Segun Ogunsanya, CEO of Airtel Africa commented: “Nigeria is a market with enormous potential for future growth in mobile services. Investment in new technologies and local infrastructure to enable this growth is a strategic priority for the Group and will ensure we are able to 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 digitalisation across the country, facilitate economic progress and transform lives across Nigeria”
Noting that, “This additional spectrum will support their investments in network expansion for both mobile data and fixed wireless home broadband capability, including 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country and exceptional customer experience.
Airtel Nigeria is Airtel Africa’s largest market, with significant growth potential. The company led the
industry in providing affordable 4G services across the country following the deployment of a fully
modernised network which facilitated a 4-fold increase in data traffic over the last three years.
The penetration of data customers in Nigeria remains low, providing significant opportunity for future growth.
Meanwhile, the parent company, Airtel Africa, says it will announce its results for the nine month period on Thursday, 02 2023.
“Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, will announce its results for the nine month period ended 31 December 2022 on Thursday, 2 February 2023”.
“Management will host a conference call on the day of the results for analysts and investors at 12:00pm UK time”
“To receive an invitation with the webcast link or dial-in numbers to participate in the conference call please register before the event”
