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  • Updated: December 14, 2021

MTN, MAFAB Win Provisional Licences For NCC’s 5G Spectrum Auctioning

MTN, MAFAB Win Provisional Licences For NCC’s 5G Spectrum

The Mobile Telephone Network (MTN) and MAFAB Communications Ltd have emerged winners of the  Nigerian Communications Commission’s (NCC’s) 3.5 gigahertz (GHz) Fifth Generation (5G) Technology spectrum auction.

MTN Nigeria was the highest bidder with an additional $15,900,000 million to get Lot 1, while MAFAB Communications added $11,120,000 million to get Lot 2.

The Executive Vice Chairman of Nigerian Communications Commission, NCC, Prof Umar Danbatta, announced the results of the auction and reiterated that the commission followed the due process for the bidding.

The Fifth Generation (5G) Technology spectrum auction ended with the total sum of $273.6 million per lot of 100 MHz TDD.

NCC had announced MTN Nigeria, Mafab Communications Limited and Airtel Networks Limited as the three qualified bidders that have met the criteria for participation in the licensing process of the 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit (IBD) as outlined in the Information Memorandum (IM)

The first round of the auction, which took off with the three bidders, started with the price of the spectrum $197.4m to $199, 374m until it ended in round 10 at $263,017,050.77 million

Danbatta said that the winners were expected to pay on Feb. 24, 2022, with the prevailing Central Bank of Nigeria (CBN) exchange rate.

He recalled that the allocations at the international level were granted approval for the 5G trial in Nigeria in November 2019.

“Arising from the above, the Winning Bid Price for the Auction is USD$273,600,000 for each lot of 100 MHz TDD,"

He congratulated the winners and thanked the government for its support and commitment to the deployment of 5G technology in Nigeria.

He said this would bring sustainable network improvements, higher connection speed, mobility and capacity as well as low latency capacities to Communications services in Nigeria.

READ ALSO: Nigeria To Have Widest 5G Coverage In Africa By 2022 — Pantami

“The Provisional Licence Winners are expected to pay the Winning Bid Price less the Intention-to-Bid Deposit, by Feb. 24, 2022,"

“We are happy to state that the Auction process was efficient, fair, well-organized and transparent, and was designed to deliver the ideal outcome,"

“Accordingly, the strongest bidders have emerged provisional winners, raising a substantial amount for the Federal Government,"

“Today’s auction represents a culmination of all the efforts at the international and national levels that have prepared Nigeria for this momentous leap forward,"

“The auction is based on the powers bestowed on the Commission by Section 121 of the Nigerian Communications Act 2003 as well as the Licensing Regulations 2019,” he said.

The successful bidders are anticipated to choose the 3.5 GHz frequency band at the end of the Main Auction.

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