Telecom
Airtel Nigeria Eyes $70m Spectrum for Better LTE Services
The proposed acquisition of additional 10 MHz spectrum in the 900 MHZ band in Nigeria for a consideration of $70 million has been announced by Airtel Africa Plc, a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa.
The deal was signed between Airtel Networks Limited (Airtel Nigeria), a subsidiary of Airtel Africa, and Intercellular Nigeria Limited, but is subject to regulatory approval by the Nigerian Communications Commission (NCC), the regulatory agency in Nigeria.
In a notice to the Nigerian Stock Exchange (NSE), Airtel Africa said the $70 million valuation for the spectrum excludes fees to be collected by the NCC in accordance with the NCC Spectrum Trading Guidelines.
Explaining one of the benefits of this deal, Airtel Africa, said the acquisition of this additional spectrum will allow Airtel Nigeria to expand and strengthen its LTE network across the country.
“Data is a key pillar of our growth strategy, driven by increasing 4G networks and supported by the increased affordability and increasing penetration of smartphones.
“With an overall smartphone penetration of more than 35 percent and data consumption growing by 92 percent in the six months’ period ended September 30, 2019, Nigeria presents a significant growth opportunity in data.
“The acquisition of this spectrum will enable us to further deliver on this growth opportunity and continue to offer our Nigerian customers an enhanced user experience,” Mr Raghunath Mandava, CEO of Airtel Africa,stated.
Nigeria is Airtel Africa’s largest market and in the first six months of this year, the revenue generated by Airtel Nigeria increased by 23 percent, with data growth being the largest contributor.
Data revenue increased by 76 percent during the period driven by the accelerated rollout of our 4G network, with increase in data customer base of 20.8 percent and an ARPU growth of 43 percent. During the period, 4G data usage increased by almost 20 times.
Airtel Africa, the second largest mobile operator in Africa by number of active subscribers, offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The group has invested to expand its network footprint and number of 4G sites, to enhance network quality and experience.
Airtel Africa is well positioned to capture growth opportunities presented by promising underlying macroeconomic and demographic trends in a fast-growing region that is vastly underpenetrated in terms of mobile and banking services.
Its footprint is characterized by low but increasing levels of mobile connectivity, with a unique user penetration at 44 percent, highlighting the potential for growth across its footprint.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
Paystack Expands Beyond Payments into Banking
DalaHill, BoA Partner on $100,000 ACF Climate Finance Initiative
How to Stay Safe Online During Sales Periods
FG Directs Banks, Fintechs to Remit VAT on Service Fees
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025
Banks quietly move to enforce new ₦50 transfer levy from Jan. 1
FIRS says NIN, CAC Numbers to Serve as Tax IDs from 2026
Nigeria Takes the Lead in the Global WSIS+20 Digital Agenda
Nigeria Police Arrest Okitipi, Nigerian Allegedly Linked to Microsoft 365 Hack
PalmPay Launches N400 Million World Travel Carnival, Rewarding Users with Free Global Trips
General News2 days agoPalmPay, Premier Cool to Reward 10,000 Nigerians with ₦100m in “10k for 10k Campaign”
News3 days agoNigeria, Others Lag Behind as Egypt Tops Africa in AI Readiness
E-Financial2 days agoEcobank Joins Trillion-naira Club for the First Time in 20 Years
E-Business2 days agoKaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk
E-Business2 days agoNigerian Terra Industries Secures $11.8m for Expansion
Telecom2 days agoSHELT Named in Prestigious 2025 MSSP 250 List for Cybersecurity Excellence
E-Financial1 day agoAngst as FG Demands 7.5 Percent VAT on Mobile Bank Transfers, USSD
News1 day agoMoniepoint Launches Second Cohort of DreamDevs Initiative to Double Down on Africa’s Tech Talent Pipeline