Airtel Africa to Buy Added 10 Mhz Spectrum in Nigeria for $70m

Airtel Nigeria signs agreement with Intercellular Nigeria to acquire additional 10 MHz spectrum in the 900 MHZ band for $70 million, excluding NCC Fees as per the NCC Spectrum Trading Guidelines, according to statement.

* Deal will allow Airtel Nigeria to expand and strengthen its LTE network across the country;
* Subject to regulatory approval by the Nigerian Communications Commission. Source: Bloomberg