According to the company, the 58 Megahertz (MHz) spectrum spread across 900, 1800, 2100, and 2600 MHz bands, for a gross consideration of $42 million.

The company in a notice to the NGX said the additional spectrum will support its 4G expansion in the market for both mobile data and fixed wireless home broadband capability, providing significant capacity to accommodate the continued strong data growth in the country.

Airtel Africa in the notice to the NGX said: “DRC is the largest country by area in our portfolio and our second largest market by population. 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.” ■