MTN Group and Airtel Africa’s local units were approved by Nigerian authorities to take part in a forthcoming 5G spectrum auction, with wholesale player Mafab (MFB) Communications the only other qualified bidder.
In a statement, the Nigerian Communications Commission (NCC)
explained the three had met its criteria for participation and paid the
required deposit.
The auction is scheduled to take place on 13 December, with
lots available in the 3.5GHz band.
According to terms published by the NCC last month, winners
will have to adhere to various coverage targets set across the ten-year
duration of licences.
Authorities also required a down payment of 10 per cent of
the reserve bid price by each participant. The reserve was set in November at
$197.4 million.
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.
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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