…Pays FG N71.6bn
The Nigerian Communications Commission, (NCC), has renewed MTN Nigeria’s Unified Access Service, (UAS), licence and spectrum license for wireless local loop in the 900 MHz and 1800 MHz band.
According to an issued statement by MTN, the renewal is subject to licensing conditions, including additional amounts, under discussion.
With this development, the earlier licences obtained by MTN, which expired on August 31, have now been renewed for another ten years, effective September 1.
The company said the Commission also acknowledged receiving N71.6-billion for the spectrum license and N374.6-million for the UAS license in settlement of their invoices for the ten-year period until August 31, 2031.
The statement read: “MTN Nigeria, the nation’s largest mobile network operator, MNO, has secured regulatory approval of the renewal of its operating license for another 10 years with effect from September 1, 2021”.
Speaking on the development, MTN Nigeria CEO, Karl Toriola, said, “Renewing our licenses for another ten years is very important to our business and enables us to continue to provide services to ensure the benefits of a modern connected life for our people”.