The Nigerian Communications Commission has approved the renewal of the spectrum licences in the 900 megahertz and 1,800MHz bands for Airtel Nigeria.
In a notice to the Nigerian Stock Exchange on Thursday, Airtel Nigeria said it paid N71.61bn ($189m) in respect of the licence renewal, adding that the payment was under the terms of the spectrum licences.
According to the telecom company, these spectrum licences were due to expire on November 30, 2021.
Following the approval, NCC offered Airtel Nigeria the opportunity to renew its spectrum licences in the 900MHz and 1,800MHz bands for 10 years, from December 1, 2021 to November 30, 2031.
The Chief Executive Officer of Airtel Africa, Raghunath Mandava, said, “I am pleased to announce that our application in Nigeria to renew our spectrum licences in the 900MHz and 1,800MHz bands for a 10-year period has been approved by the NCC.
“This is our largest market and we remain focused on bridging the digital divide and expanding our broadband capability in the country.”