Recent measurements of the cosmic X-ray and radio backgrounds (CXB/CRB, respectively) obtained with Chandra and ARCADE2 report signals in excess of those expected from known sources, suggesting the presence of a yet undiscovered population of emitters. We investigate the hypothesis that such excesses are due to primordial black holes (PBHs) which may constitute a substantial fraction of dark matter (DM). We present a novel semi-analytical model which predicts X-ray and radio emission due to gas accretion onto PBHs, assuming that they are distributed both inside DM halos and in the intergalactic medium (IGM). Our model includes a self-consistent treatment of heating/ionization feedback on the surrounding environment. We find that (i) the emission from PBHs accreting in the IGM is subdominant at all times (); (ii) most of the CXB/CRB emission comes from PBHs in DM mini-halos () at early epochs (). While a small fraction () of DM in the form of PBHs can account for the total observed CXB excess, the CRB one cannot be explained by PBHs. Our results set the strongest existing constraint on in the mass range . Finally, we comment on the implications of our results on the global 21cm signal.

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