Investor Presentaiton
Kenya spectrum acquisition
Post period end, on 15 July 2022, we announced that Airtel Kenya Networks Limited ('Airtel Kenya'), had purchased 60 MHz of
additional spectrum in the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of $40m. The licence
is valid from July 2022 for a period of 15 years. This additional spectrum will support our 4G expansion in the market for both mobile
data and fixed wireless home broadband capability and will allow for future 5G rollout, providing significant capacity to accommodate
our continued strong data growth in the country. Airtel Kenya is one of our largest markets by revenue. This investment reflects our
continued confidence in the tremendous opportunity inherent in the Kenya market, supporting the local communities and economies
through furthering digital inclusion and connectivity.
$450m early bond redemption
Post the period end, on 8 July 2022 the Group announced the settlement of a cash tender offer, redeeming $450m of the $1 billion of
5.35% guaranteed senior notes due 2024 ('Notes'). An aggregate principal amount of $450m of Notes was accepted for purchase for a
total of $462.6m. All Notes accepted for purchase were cancelled ahead of their maturity in May 2024. This early redemption was
made out of the Group's cash reserves and is in line with our strategy of reduction of external foreign currency debt at Group level.
Information on additional KPIs
An investor relations pack with information on the additional KPIs and balance sheet is available to download on our website at
airtel.africa/investors.
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