5G: We pulled out of auction after submitting final bid of $270m – Airtel Africa

Airtel Africa on Thursday commended the Nigerian Communications Commission (NCC) for a transparent 5G auction completed on December 13, 2021.

Group Chief Executive Officer of Airtel Africa, Mr. Segun Ogunsanya confirmed that the Nigerian subsidiary of the company pulled out of the auction after
submitting its final bid of $270m.

According to the Airtel Africa CEO, “The business case for 5G across all sub-Saharan markets is evolving, and we remain committed to driving broadband capacity in our various markets. We will continue to closely track the 5G ecosystem over the next several years, in particular the availability of affordable 5G devices and relevant use cases.

“Airtel Africa retains ample capacity, spread across various spectrum bands, in Nigeria and its other
markets, to continue to meet the growing data demands of our customers for many years to come,
with several potential routes available to the business to deliver even greater capacities, cost effectively, in the long run”.

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