Airtel Africa has disclosed plan to roll out its 5G network in Nigeria.
This is coming few months after Airtel Africa invested $500m on additional spectrum in five African Countries.
According to Airtel Africa plc Results for the year ended 31 March 2023, the group acquired spectrum in Nigeria, the DRC, Tanzania, Zambia and Kenya in the year under review.
Also, earlier today, we told you that the telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent.
Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3 per cent increase from its performance in the last quarter of 2022 when it recorded 13.55 per cent.
When compared on a year-on-year basis, the growth showed a positive progression from 12.94 per cent in the first quarter of 2022, to the 2023 figure of 14.13, which is an approximate growth of 9.19 per cent.
The percentage of telecom contribution to GDP was calculated from 46 distinct sectors of the economy, which constitute telecom and information services baskets.
One of the key highlights of the telecom industry performance within the period was the generation of $820.8 million for the federal government from 5G spectrum licences fees paid by three eventual winning operators, MTN, MAFAB and Airtel.
Following the issuance of the licences in December 2021 to MTN and MAFAB, both companies have launched 5G services. Airtel, which received its licence in December 2022, is set to launch services this month, June 2023.
Now, ‘Airtel 5G is almost ready for you, are you ready for it? 😎. Click the link in bio to see if you’re already in the 5G zone’, the network tweeted on Friday evening.
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