MTN Nigeria, Airtel Networks Limited, and Mafab Communications Limited have made it into the next round of auction for the acquisition and deployment of the fifth generation (5G) networks.
This comes as the telecommunications industry regulator, Nigerian Communications Commission (NCC) approved their bids to take part in the 3.5 gigahertz (GHz) spectrum auction.
According to a statement from NCC on Thursday, the auction is split into two, mock and main auction, both of which will hold in Transcorp Hilton Hotel, Abuja, on December 10 and 13 respectively.
The 3.5GHz spectrum auction will cost MTN Nigeria, Airtel Networks Limited, and Mafab Communications Limited N75 billion, an amount the telcos want reduced.
Although, in a statement by NCC’s director of public affairs, Ikechukwu Adinde, the three companies qualified for the licensing process and payment for the Intention to Bid Deposit (IBD).
The statement reads, “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.” NCC stated.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE…The plight of Kwara communities without potable water, govt presence
With a piteous voice and teary eyes, Isiaku Ajarat reflected on some of the challenges she had faced while trekking...
FEATURES: Rise in Monkeypox infection troubling Nigeria’s rural population
In this features, KELECHUKWU IRUOMA goes into the rural communities of Bayelsa State, south-south Nigeria to uncover the plight of...
SPECIAL REPORT: Kwara communities groan as erosion washes away roads, property
For a number of years communities in Ilorin South LGA of Kwara State have had to live with the menace...
SPECIAL REPORT: Lack of legal provisions, cultural sentiments fueling marital r*pe in Nigeria
By Arinze Chijioke In the early days of Sandra Izuckukwu’s marriage in 2019, her husband, Sunday Izuchukwu, did everything she...
INVESTIGATION… LIVES ON THE LINE (IV): Surviving in a dangerous media environment
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020. For six...