MTN Nigeria Communication Plc has declared its intention to use for an additional 5G license with the Nigerian Communications Fee (NCC).
NCC is anticipated to public sale two further 3.5GHz spectrums on December 19 in Abuja.
The reserve worth for the public sale has been fastened at $273.6 million with MTN once more prepared to fulfill the valuation.
MTN and Mafab Communications paid the identical quantity for the 5G license in December 2021.
MTN is the one telecom operator that has rolled out 5G in Nigeria.
In the meantime, the Nigerian Communications Fee (NCC) has stated the continuing course of to public sale two further tons within the 3.5GHz spectrum for Fifth Technology (5G) is a part of efforts that may additional democratise entry to high-speed cellular broadband for all Nigerians.
The Govt Vice Chairman/Chief Govt Officer (EVC/CEO) of NCC, Prof. Umar Danbatta, said this in Lagos over the weekend whereas talking on the tenth Annual Manufacturers and Advertising Convention of the Model Journalists Affiliation of Nigeria (BJAN) the place the NCC was conferred with the “Regulator of the Decade” Award.
Represented by the Fee’s Govt Commissioner, Stakeholder Administration, Adeleke Adewolu, Danbatta famous that ongoing course of adopted the profitable auctioning of two bands of the three.5GHz spectrum in December of 2021.
Danbatta disclosed that the Fee is at the moment reviewing the licences and frameworks for fastened broadband to replace them consistent with present challenges and make them simpler as a part of the pivotal initiatives deployed by NCC which are already bearing fruits.