MTN wins Nigeria spectrum bid, pays first batch of fine

ICT spectrum

ICT spectrum

TRUMOKORO CHINEDU
LAGOS, (CAJ News) – THE Nigerian Communications Commission (NCC) has declared MTN as winner of its latest auction for a ten-year frequency spectrum licence for the 2.6GHz band.

The mobile operator said this guaranteed superior performance for wireless networks, especially 4G LTE services.

The NCC had earlier confirmed that ‎MTN’s bid was in full compliance with the relevant provisions of the Information Memorandum (IM) for the exercise in which MTN emerged as sole approved bidder.

Although Nigeria is one of 28 African countries that currently offer 4G/LTE services, the rate of penetration is restricted to a few major cities. As such, MTN’s success in this auction is a big boost to its plan
to deliver global mobile broadband and LTE 4G services to over 60 million customers in Nigeria.

MTN Nigeria Chief Executive Officer, Ferdi Moolman, said after complying with all the requirements for the 2.6GHz auction and making the licence payment of N18,96 billion to the NCC, MTN had been issued a letter of award.

“With the 2.6 GHz band, we expect to roll out and provide the full range of LTE services to Nigerians, empowering Nigeria with the latest mobile broadband technology,” said Moolman.

Meanwhile, Moolman announced MTN had paid the first payment of N30 billion in the terms of settlement of the fine NCC imposed last year for failure to disconnect unregistered subscribers.

“In addition to the earlier payment of N50 billion which we paid in good faith and without prejudice on February 24, this means we have now paid a total of N80 billion.”

The N330 billion fine will be paid over three years.

– CAJ News

Short URL: http://cajnewsafrica.com/?p=13826

Posted by on Jun 29 2016. Filed under Broadband, Finance, Mobile & Telecoms, National, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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