Airtel emerges sole bidder for brand new 5G spectrum

Airtel Africa has emerged as the only real bidder for the 5G spectrum license within the second rounds of bidding for the sale of 5G community broadband by the Nigerian Communications Fee (NCC).

MTN Nigeria, which had earlier expressed curiosity in collaborating within the bidding spherical, was conspicuously lacking.

The 5G license has a reserved worth of $273.6 billion, however the telecommunications business regulator, the Nigerian Communications Fee (NCC) accepted 10 % of the license price ($27.36 million) from Airtel as cost for intention-to-bid deposit (IBD).

Other than Airtel, Commonplace Community & Connections Restricted (Commonplace Community) additionally expressed curiosity in bidding for the 5G spectrum, nevertheless, it did not make the down cost for the IBD earlier than the deadline on Monday.

firms had been anticipated to bid for lot ‘A’ (3400-3500MHz) and lot ‘C’ (3600-3700MHz), that are the final two heaps for 2022.

In an announcement, NCC mentioned Commonplace Community requested for extension, however the business regulator turned down the request, as such, there shall be no additional bidding, and NCC says it would proceed to the Project Stage.

Talking on the standing of the 5G spectrum, NCC mentioned, “Solely Airtel paid the intention-to-bid deposit (IBD) as stipulated within the info memorandum (IM) whereas Commonplace Community despatched an e mail attraction for the deadline to be prolonged by twelve working days which was not acceptable in view of the public sale timetable.