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NCC To Auction Two Additional 5G Licences To Generate $547.2m

NCC To Auction Two Additional 5G Licences To Generate $547.2m

NCC To Auction Two Additional 5G Licences To Generate $547.2m

NCC To Auction Two Additional 5G Licences To Generate $547.2m

For the development of the 5G network in the nation, the Nigerian Communications Commission (NCC) would give two more slots in the 3.5 Gigahertz (GHz) frequency band.

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$547.2 million was chosen as the reserve price or $273.60 million for each license.
This information was provided by NCC over the weekend in its Draft Information Memorandum, which was published on its official website under the heading “Information Memorandum on 3.5 GHz Spectrum Auction.”

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.

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Since NCC was awarded the 5G spectrum, MTN has launched its 5G network in selected locations while Mafab is yet to roll out its 5G network.

NCC To Auction Two Additional 5G Licences To Generate $547.2m

“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.

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“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 license (UASL) if their bid is successful.

NCC To Auction Two Additional 5G Licences To Generate $547.2m

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

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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.


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