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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Airtel Africa Plc | LSE:AAF | London | Ordinary Share | GB00BKDRYJ47 | ORD USD0.50 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.20 | 1.06% | 114.00 | 113.40 | 113.60 | 116.40 | 113.50 | 114.70 | 2,729,480 | 16:35:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 5.27B | 663M | 0.1764 | 6.43 | 4.27B |
From May 2021 to May 2024
By Joe Hoppe
Airtel Africa PLC said Monday that it has agreed settlements totaling $30 million with the Kenyan government for its operating and spectrum licenses, and to replace its temporary license with a 10-year frequency license.
The London-listed, Africa-focused telecommunications company said that its subsidiary Airtel Kenya Networks Ltd. has agreed with the Communications Authority of Kenya to pay a total of around $20 million in four installments over the next three years, in settlements related to its 2015-2025 operating and spectrum license.
The company has also agreed to pay $10 million for a 10-year frequency license for 2x10 MHz of spectrum in the 2100 MHz band, replacing its temporary license.
"This $30 million investment reflects our continued confidence in the tremendous opportunity inherent in the Kenya market," the company said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
March 07, 2022 02:32 ET (07:32 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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