February 8, 2018 IBOMLLC Team

Airtel Kenya pays $25 million to acquire the 4G LTE Network license in Kenya

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Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Airtel Kenya, a mobile service carrier that has been operating on negative revenues for a while now and thought to be thinking of an exit strategy, has surprised the Kenyan market by paying the $25 million license fee to roll out 4G LTE network.

This news was confirmed by the Communications Authority of Kenya (CA). “Airtel Networks Kenya Ltd has paid the 4G LTE 800 MHz license fee of $25 million,” said the CA in a statement.

Airtel Kenya, currently the second-largest mobile service carrier in Kenya by market share, is said to have paid the license fee early in January. Although the carrier has been operating on the 4G internet spectrum for about a year now on a trial basis.

The carrier becomes the second telecommunication company to have officially acquired the 4G LTE spectrum license. It follows Safaricom, which is the market leader in the Kenya mobile carrier space.

We are in the process of (officially) rolling out 4G and we expect to officially launch soon. We are driving towards the fastest speeds at the most affordable rates in Kenyan market with Airtel 4G,” said Airtel Kenya …read more

Read more here:: Airtel Kenya pays $25 million to acquire the 4G LTE Network license in Kenya

      

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