Airtel Tanzania has announced the expansion of its 4G network after securing a license for the high-speed internet which will cost over $12 million.
According to the spokesperson of Bharti Airtel, “Airtel Tanzania has been authorized by the Tanzania Communications Regulatory Authority to use 10MHz in the 700MHz band for eight months.”
Last year, Airtel Tanzania rolled out its 4G network which was under an eight-month provisional license then moved to full payment. This plan has been extended to over 25 towns across Tanzania. Out of the more than 40 million mobile voice subscriptions registered in 2018, roughly half the devices were used to access the internet, indicating the high number of basic cell phones throughout the country.
The company’s customer base in Africa stands at 107.1 million, out of which 32.9 million were data users. Airtel Africa is the holding firm for Bharti Airtel’s operations in 14 countries across the continent. Its shares were priced at 80 pence apiece, giving it a market capitalization of around $3.9 billion.