MTN, Mafab pay $273.6m each to NCC for 5G spectrum licence

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.

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MTN Communications Nigeria and Mafab Communications Limited paid $273.6 million each for the 5G Spectrum licenses to the Nigeria Communications Commission (NCC).

NCC on Thursday, February 24, 2022, disclosed this via a statement issued and signed by the Commission’s Director, Public Affairs, Dr. Ikechukwu Adinde.

According to the statement, seen by Pulse NG, both winners of the 3.5 Gigahertz (GHz) 5G spectrum licence made their full payment to the Commission.

It read in part, “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.”

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.

It stated, “However, aside the $273.6 million payment, MTN paid additional $15.9 million, being the bidding sum it offered at the assignment state of the spectrum auction, making it clinch its preferred Lot 1 (3500-3600 Megahertz-MHz) in the 3.5Ghz spectrum; while, Mafab Communications, which bided lower at the assignment stage, consequentially settled with Lot 2 (3700-3800Mhz) at no extra cost.”

The Executive Secretary of NCC, Umar Garba Danbatta, commended both companies for meeting the payment deadline. He added that their commitment to the 5G deployment drive, through their private investments was a demonstration of belief in the sound regulatory environment in the Nigerian telecommunications sector.

Danbatta also expressed appreciation to the Federal Government for its support and commitment to the deployment of 5G technology in Nigeria which, he said, will bring substantial network improvements, including higher connection speed, mobility and capacity, as well as low-latency capabilities to communications services in Nigeria.

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