5G Network: NCC plans to generate $547.2m by auctioning 2 additional licences

The Nigerian Communications Commission (NCC) has concluded plans to auction 2 additional slots in the 3.5 Gigahertz (GHz) spectrum band for the deployment of the 5G network in the country.

NCC disclosed this at the weekend in its Draft Information Memorandum, titled: ‘Information Memorandum on 3.5 GHz Spectrum Auction’, signed by the NCC’s Director of Public Affairs, Reuben Muoka.

It set the reserve price at $547.2 million, translating to $273.60 million for each licence.

According to the Commission, the offering includes the remaining lots of 2 x 100 megahertz (MHz) in the 3.5 GHz spectrum band to support 5G deployment in Nigeria.

Recall that the NCC last December, offered a 3.5GHz spectrum to MTN Nigeria Communications Plc and Mafab Communication to support their 5G rollout. Since NCC awarded the 5G spectrum, MTN has launched its 5G network in selected locations, while Mafab is yet to roll out its 5G network.

In February 2022, MTN Nigeria and Mafab Communications Limited made their full payment of $273.6 million each for a 5G spectrum licence after emerging winners of the 3. 5 GHz spectrum auction. 

While MTN has rolled out the 5G mobile network, Mafab suspended roll-out till December this year and got the approval of NCC for a five-month rollout extension, which ends December 31, 2022.

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