NCC confirms payment of $273.6m each for 5G spectrum licence by MTN, Mafab

NCC confirms payment of $273.6m each for 5G spectrum licence by MTN, Mafab

The Nigerian Communications Commission (NCC), has confirmed that MTN Nigeria and Mafab Communications Limited have paid $273.

6m each for the Fifth Generation spectrum licence.

The Executive Vice Chairman of the NCC, Umar Danbatta, officially confirmed the payment status on  February 24, 2022 as  the deadline set for the two winners of the spectrum auction elapsed.

This was disclosed in a statement signed  by the Director, Public Affairs of the Commission, Dr.

Ikechukwu Adinde  in Abuja.

According to NCC “Provisional winners of the 3.

5 Gigahertz spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $273.

6m each for the 5G Spectrum license to the Nigerian Communications Commission.


Danbatta said “I wish to officially announce that NCC has received and confirmed payments from MTN and Mafab for their acquisition of 1 slot of 100Mhz each in the 3.

5Ghz spectrum auction, which was successfully conducted by the Commission on December 13, 2021.

They both met the deadline of February 24, 2022, as set by the Commission.

“Arising from this and on behalf of the Minister of Communications and Digital Economy, the Board and Management of the NCC, I wish to congratulate the MTN and Mafab for this feat, as we look forward to accomplishing other deployment timelines in the 5G deployment roadmap, as articulated in the National Policy on 5G Networks for Nigeria’s Digital Economy.


Aside from the $273.

6m payment, MTN paid an extra $15.

9m for the preferred Lot 1 (3500-3600 Megahertz-MHz) in the 3.

5Ghz spectrum, while, Mafab Communications settled with Lot 2 (3700-3800Mhz) at no extra cost.

 
Bilkisu Pai
NCC confirms payment of $273.

6m each for 5G spectrum licence by MTN, Mafab

TDPel Media

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