x

NCC to Auction Two Additional 5G Licences for $547.2m

The Nigerian Communications Commission (NCC) is set to offer two additional slots in the 3.5 Gigahertz (GHz) spectrum band for the deployment 5G network in the country.

It set the reserve price at $547.2 million, translating to $273.60 million for each licence.
NCC disclosed this at the weekend in its Draft Information Memorandum, titled ‘Information Memorandum on 3.5 GHz Spectrum Auction’, which it published on its official website.

According to NCC, the offering includes the remaining lots of 2 x 100 megahertz (MHz) in the 3.5 GHz spectrum band to support 5G deployment in Nigeria.
NCC last December, offered a 3.5GHz spectrum to MTN Nigeria Communications Plc and Mafab Communication to support their 5G rollout.

Since NCC awarded the 5G spectrum, MTN has launched its 5G network in selected locations while Mafab is yet to roll out its 5G network.
“The spectrum reserve price (RP) is the minimum price for one slot of 100MHz TDD for a 10-year licence tenure fixed at $273,600,000.00 or its equivalent in Naira at the prevailing Central Bank of Nigeria (CBN) rates at the time of the auction, according to the memorandum.

The commission said it had developed a draft information memorandum (IM) to support the attainment of this objective through an auction process.
“The commission will hold a Public Consultation in respect of the draft information memorandum (IM) on November 15, 2022.

“This is in line with the commission’s participatory rule-making process for the communications sector, to give stakeholders and interested parties an opportunity to review and comment on the draft IM before the final document is published,” the memorandum further said.

The commission added that applicants for the spectrum do not have to be licensed network operators in the country but will need a unified access service licence (UASL) if their bid is successful.

In February 2022, MTN Nigeria and Mafab Communications Limited made their full payment of $273.6 million each for a 5G spectrum licence after emerging winners of the 3. 5 GHz spectrum auction.

While MTN has rolled out the 5G mobile network, Mafab suspended roll-out till December this year and got the approval of NCC for a five-month rollout extension, which ends December 31, 2022.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Neomercantilism: Trump’s New Tariff Regime And American Economic Uncertainties

By Sheriff Ghali Ibrahim,  AbujaMercantilism as the art and...

Seadogs donate sanitary pads to female students in A’Ibom 

By Ogenyi Ogenyi,Uyo The National Association of Seadogs, (NAS), also...

N/Delta communities demand urgent action on methane emissions

By Ogenyi Ogenyi, Uyo  Representatives of communities affected by oil...

Plateau  commence  enforcement of regulations on vehicles transporting  spillable goods 

By Isreal Adamu, Jos Plateau Environmental Protection and Sanitation Agency...

Plateau  South  APC group   Passes Vote of Confidence on Speaker Dewan 

By Israel AdamuA group operating under the umbrella body...

Igali Calls for Inclusion of Canoeing, Kokowa at the National Sports Festival

By Amgber KumoBayelsa State Commissioner for Sports Development, Dr....

N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

Indications emerged that the personal Assistant to the Secretary...
spot_img

Related Articles

Popular Categories

spot_imgspot_img