Airtel Africa Foundation launches $500k fellowship

Airtel says Nxtra project is a critical component of the company's growth strategy and represents a watershed moment in the company's history, with a focus on Nigeria, the company's largest market.

The telco says it is constructing data centres to support the rapidly expanding African digital economy as well as the continent's increasing demands for reliable data centre capacity.

Telesonic is a fibre firm that will use Airtel's ground fibre assets and submarine cable networks to meet Africa's growing need for wholesale data.

Telco reports a net profit of US$193-million for Q3 of its financial year.

Company has acquired 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz from the Nigerian Communications Commission.

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.

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

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.

Companies approved to run payment service banks pivoted on their respective Momo and Smartcash mobile financial services platforms.