{"id":54666,"date":"2021-12-14T12:52:24","date_gmt":"2021-12-14T11:52:24","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=54666"},"modified":"2021-12-14T12:52:24","modified_gmt":"2021-12-14T11:52:24","slug":"5g-mtn-mafab-win-provisional-licenses-at-273-6m","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/5g-mtn-mafab-win-provisional-licenses-at-273-6m\/","title":{"rendered":"5G: MTN, MAFAB Win Provisional Licenses At $273.6m"},"content":{"rendered":"

 <\/p>\n

The Mobile Telephone Network (MTN) and MAFAB Communications Ltd have emerged winners of the Nigerian Communications Commission\u2019s (NCC\u2019s) 3.5 gigahertz (Ghz) Fifth Generation (5G) Technology spectrum auction.<\/p>\n

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The Fifth Generation (5G) Technology spectrum auction ended with the total sum of $273.6 million per lot of 100 MHz TDD.<\/p>\n

The bidding was in two stages that came in Main stage and Assignment stage.<\/p>\n

In the assignment stage, two slots of 100MHzTDD available at 3.5GHz band were for bidding to support the delivery of broadband services for the deployment of 5G in Nigeria.<\/p>\n

The bidders were: Mobile Telephone Network (MTN), Airtel Nigeria and MAFAB Communications ended at the Main stage and dropped down to two bidders.<\/p>\n

The News Agency of Nigeria (NAN) reports that NCC was auctioning two slots in the 3.5 gigahertz (Ghz) 5G spectrum.<\/p>\n

The aunctioning was organised by NCC, in conjunction with the Ministry of Communications and Digital Economy, on Monday in Abuja.<\/p>\n

The first round of the auction, which took off with the three bidders, started with the price of the spectrum $197.4m to $199, 374m untill it ended in round 10 at $263,017,050.77 million.<\/p>\n

The Executive-Chairman, NCC, Prof. Umar Danbatta, who announced the results, reiterated that the commission followed due process for the bidding.<\/p>\n

Danbatta said that the winners were expected to pay on Feb. 24, 2022, with the prevailing Central Bank of Nigeria (CBN) exchange rate.<\/p>

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He recalled that the allocations at the international level were granted approval for 5G trial in Nigeria in November 2019.<\/p>\n

\u201cArising from the above, the Winning Bid Price for the Auction is USD$273,600,000 for each lot of 100 MHz TDD.<\/p>\n

He congratulated the winners and thanked the government for its support and commitment to the deployment of 5G technology in Nigeria.<\/p>\n

He said this would bring sustainable network improvements, higher connection speed, mobility and capacity as well as low latency capacities to Communications services in Nigeria.<\/p>\n

\u201cThe Provisional Licence Winners are expected to pay the Winning Bid Price less the Intention-to-Bid Deposit, by Feb. 24, 2022.<\/p>\n

\u201cWe are happy to state that the Auction process was efficient, fair, well-organised and transparent, and was designed to deliver the ideal outcome.<\/p>\n

\u201cAccordingly, the strongest bidders have emerged provisional winners, raising a substantial amount for the Federal Government.<\/p>\n

\u201cToday\u2019s auction represents a culmination of all the efforts at the international and national levels that have prepared Nigeria for this momentous leap forward.<\/p>\n

\u201cThe auction is based on the powers bestowed on the Commission by Section 121 of the Nigerian Communications Act 2003 as well as the Licensing Regulations 2019,\u201d he said.<\/p>\n

NAN also reports that successful bidders are anticipated to choose the 3.5 GHz frequency band at the end of the Main Auction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Mobile Telephone Network (MTN) and MAFAB Communications Ltd have emerged winners of the Nigerian Communications Commission\u2019s (NCC\u2019s) 3.5 gigahertz (Ghz) Fifth Generation (5G) Technology spectrum auction.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9267,647],"coauthors":[2391],"class_list":["post-54666","post","type-post","status-publish","format-standard","","category-business","category-news","tag-mafab-communications-ltd","tag-mtn"],"yoast_head":"\n5G: MTN, MAFAB Win Provisional Licenses At $273.6m - National Wire<\/title>\n<meta name=\"description\" content=\"The Mobile Telephone Network (MTN) and MAFAB Communications Ltd have emerged winners of the Nigerian Communications\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/5g-mtn-mafab-win-provisional-licenses-at-273-6m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5G: MTN, MAFAB Win Provisional Licenses At $273.6m - 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