Airtel loses as MTN, Mafab Communications win bid for 5G licence

Mafab Communications, MTN win 5G license
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Mafab Communications Limited and MTN Nigeria have emerged winners of the bid for the 5G spectrum auctioned by the Nigerian government on Monday.Mafab Communications, MTN win 5G license

MTN Nigeria and Mafab Communications won the two spots in the 3.5GHz spectrum auction for the Fifth Generation (5G) network licenses over Airtel, according to the Nigerian Communications Commission (NCC).

The auction for the available two slots in the 3.5 GHz spectrum was held at the Transcorp Hotel in Abuja by the Nigerian Communications Commission.

Using the Ascending Clock Auction System, MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd competed for the contract.

Following an initial round on Monday, each firm proceeded through a bidding chamber.

The State Security Services (SSS) was tasked with keeping an eye on the company officials, who were not permitted to leave the room until the procedure was completed.

The base price was set at $197.4 million by the commission. The two winners were awarded $273 million by the regulator, according to the NCC‘s spokesman, Ikechukwu Adinde.

Earlier in the event, Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, stated that Nigeria aspires to have the largest 5G network in Africa by 2022.


𝑳𝒊𝒌𝒆 𝒕𝒉𝒊𝒔 𝒑𝒐𝒔𝒕?
𝑾𝒆’𝒅 𝒃𝒆 𝒅𝒆𝒍𝒊𝒈𝒉𝒕𝒆𝒅 𝒕𝒐 𝒉𝒆𝒂𝒓 𝒇𝒓𝒐𝒎 𝒚𝒐𝒖. 𝑷𝒍𝒆𝒂𝒔𝒆 𝒍𝒆𝒂𝒗𝒆 𝒂 𝒄𝒐𝒎𝒎𝒆𝒏𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒃𝒐𝒙 𝒃𝒆𝒍𝒐𝒘!

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