Three telecommunications companies have qualified for Nigeria’s 5G auction, according to the Nigerian Communications Commission.
The commission revealed this in a statement posted on Thursday.
Airtel Networks Limited, MTN Nigeria Plc, and Mafab Communications Limited which is a new company are among the companies picked.
The NCC’s conditions for the 3.5 GHz spectrum license, which is essential for the 5G rollout, were met by the three eligible bids.
According to the commission, the platform is now ready for enterprises to participate in the Main Auction as well as the required Mock Auction, which will take place before the Main Auction.
See the NCC’s complete statement below…
The Nigerian Communications Commission (NCC) has announced that three telecoms companies have qualified as approved bidders in the upcoming 3.5 gigahertz (GHz) spectrum auction for the deployment of fifth-generation (5G) networks in the country, in keeping with its regulatory principle of open and transparent auction.
MTN Nigeria Plc., Mafab Communications Limited, and Airtel Networks Limited are the qualified bidders who have met the criteria for participation in the 3.5GHz spectrum licensing process, including payment of the stipulated Intention to Bid Deposit (IBD) as outlined in the Information Memorandum (IM).
As a result, the stage is now set for the three firms to compete in both the Main Auction and the obligatory Mock Auction, which will take place before the Main Auction.
The dates for the Mock Auction and the Main Auction have already been confirmed by the Commission. The Mock Auction will begin at 11:00 a.m. on Friday, December 10, 2021, at the Transcorp Hilton Hotel in Abuja, and the Main Auction will begin at 11:00 a.m. on Monday, December 13, 2021, at the same location and time.0060
