Home Business & Economy BREAKING: Three Telecom Companies Qualify For 5G Spectrum Auction – NCC Announces

BREAKING: Three Telecom Companies Qualify For 5G Spectrum Auction – NCC Announces

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The Nigerian Communications Commission (NCC) has announced three telecommunications companies have qualified as approved bidders for the 3.5GHz spectrum auction.

The auction is for the deployment of Fifth Generation (5G) Technology in the country by January 2022.

The companies are MTN Nigeria plc, Mafab Communications Limited and Airtel Networks Limited.

The announcement was contained in a statement signed by the Public Affairs Director of the NCC, Dr Ikechukwu Adinde.

The statement reads: “Consistent with its regulatory principle of open and transparent auction, the Nigerian Communications Commission (NCC) has announced that three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz (Ghz) spectrum auction for the deployment of Fifth generation (5G) networks in the country.

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“The qualified bidders that have met the criteria for participation in the licensing process of 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit (IBD) as outlined in the Information Memorandum (IM), are include MTN Nigeria Plc., Mafab Communications Limited and Airtel Networks Limited.

“Consequently, the stage is now set for the three companies to participate in the Main Auction as well as in the mandatory Mock Auction process, which will come as a precursor to the Main Auction.

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“The Commission has also reaffirmed the dates for the conduct of both the Mock Auction and the Main Auction. The Mock Auction is scheduled to hold on Friday, December 10, 2021 at Transcorp Hilton Hotel, Abuja by 11:00 a.m., while the Main Auction will hold on Monday, December 13, 2021 at the same venue and same time.”

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