Airtel’s Africa markets perform to bolster company's profit

Operator confirms loan facility through IFC to support investments in several new countries.

Telco points to regulatory KYC issues in Nigeria, as well as impact of tower infrastructure sales.

Company releases statement having secured 700MHz, 2600MHz and 2300MHz following a recent spectrum auction.

To date Airtel Africa has paid out millions for spectrum in DRC, Kenya, Nigeria and Zambia.

Multi-year partnership agreement will enable Airtel to leverage ATC’s communication sites to expand network.

To date, ATC Africa has invested approximately $300 million in energy efficiency improvements, renewable energy deployments and energy storage solutions to decrease on-site reliance on fossil fuels.

Airtel Africa’s subsidiary confirms acquisition of new licence, says additional spectrum will be used to support 4G network expansion and 5G foundation.

Company looks to invest in network infrastructure across seven subsidiaries and also to refinance existing loans.

Company releases financial report for the period ended 31 December 2021 and says KYC requirements have been met.

Organisation receives payment for fine imposed in September.

After experiencing a slowdown in customer base growth, company notes a 2.2% growth across its 14 operations.