NCC Names Airtel As Sole Bidder Of 3.5GHz Spectrum Band

The Nigerian Communications Commission (NCC) has announced that Airtel Networks Limited (Airtel) has emerged as the sole Bidder for the advertised 3.5GHz spectrum band.

The commission said that by the close of business on Monday, December 5, 2022, only two companies had expressed interest in the auction of the 3.5GHz Spectrum band; Airtel Networks Limited (Airtel) and Standard Network & Connections Limited (Standard Network).

Reuben Mouka, Director, Public Affairs, of NCC,said in a statement that only Airtel paid the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM) whereas, Standard Network sent an email appeal for the deadline to be extended by 12 working days which was not acceptable in view of the auction timetable.

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The commission said having met all the provision in the IM, Airtel has, therefore, emerged as the sole bidder.

It added that there shall be no further bidding and that the Commission will proceed to the assignment stage in line with the published information memorandum guiding the licensing
process.

Post Author: Friday Ekeoba