Airtel Africa completed the acquisition of 140MHz of additional spectrum spread across the 2600MHz and 3500MHz bands from the Tanzania Communications Regulatory Authority for $60m.

Airtel Africa, a multinational company that provides telecommunications and mobile money services, completed the acquisition of 140MHz of additional spectrum spread across the 2600MHz and 3500MHz bands from the Tanzania Communications Regulatory Authority, an independent authority for the postal, broadcasting and electronic communications industries, for $60m. "This additional spectrum will support our network expansion in the market for both mobile data and fixed wireless home broadband capability, including 5G rollout, providing significant capacity to accommodate our continued strong data growth in the country. This investment reflects our continued confidence in the opportunity inherent in the Tanzanian market, supporting the local communities and economy through furthering digital inclusion and connectivity," Airtel Africa.