Sourced from Comms MEA Airtel Africa is set to sell a minority stake – worth $200 million – in Airtel Mobile Commerce BV (AMC BV) to global investment company, The Rise Fund. “The transaction is subject to customary closing conditions including necessary regulatory filings and approvals, as necessary, and the inclusion of specified mobile money business assets and contracts into AMC BV,” reveals the company. According to TechCrunch, this deal values the mobile money business at $2.65 billion with operations across 14 African countries, including Kenya, Uganda and Nigeria. “Our markets afford the substantial market potential for mobile money services to meet the needs of the tens of millions of customers in Africa who have little or no access to banking and financial services, and this dema...
Sourced from Comms MEA Airtel Africa has paid N71.6 billion to the Nigerian Communications Commission (NCC) to renew its 900 and 1800 MHZ spectrum licence for the next 10 years. Chief Executive Officer of Airtel Africa, Raghunath Mandava says that their current license was due to expire at the end of November 2021. He goes on to say that the Nigerian market is the “largest market and we remain focused on bridging the digital divide and expanding our broadband capability in the country.” “On behalf of Airtel Nigeria and the Group, I would like to thank both the government of Nigeria and the NCC for their cooperation and support in this important process.” The new license is expected to remain vaild until 30 November 2031. Nokia and Airtel Partner to Lay 5G Foundations in Kenya Nokia and Air...
Sourced from Comms MEA Airtel Africa has introduced a new range of data bundles that could see customers receive up to 15GB of free data. According to Gadgets Africa, new daily, weekly and monthly data promotion will allow customers to get 500MB free data every day – depending on their data plan. For a weekly plan, customers can get Free 3.5GB – 500MB is awarded on a daily basis for 7 days. For a monthly plan, customers can get Free 15GB – 500MB is awarded on a daily basis for 30 days. Here’s a closer look at the data bundles: /* custom css */ .tdi_3_2b2.td-a-rec-img{ text-align: left; }.tdi_3_2b2.td-a-rec-img img{ margin: 0 auto 0 0; } Airtel Nigeria Introduces New Unlimited Data Plans Airtel Nigeria has introduced a new range of unlimited data plans – known as ‘Unlimited Ultra Plans’. Th...