A 5G spectrum license cost MTN and Mafab $273.6 million each

Everest

  • Administrator
  • Hero Member
  • *****
  • Posts: 9627
  • Karma: +0/-0
A 5G spectrum license cost MTN and Mafab $273.6 million each
Posted on: February 25, 2022, 07:29:22 AM
MAFAB, the second-place finisher in the Nigerian Communications Commission's December 13, 2021, 5G auction, finally paid the remainder of its license price yesterday, reigniting Nigerian optimism for a strong 5G rollout.

Last night, the Commission's vice chairman, Prof. Umar Danbatta, verified that MAFAB had finally met the deadline for compliance.

MTN Nigeria and Mafab Communications Limited paid $273.6 million to the Nigerian Communications Commission for the Fifth Generation spectrum license, which the Commission has now verified.

Although the payment deadline for the two auction winners had passed, NCC Executive Vice Chairman Umar Danbatta formally acknowledged the payment status on Thursday.

An official press release from the FCC on Thursday stated as much under the headline "3.5GHz Spectrum: MTN, Mafab Pay for Licences".

They paid $273.6 million each for a 5G spectrum license to the Nigerian Communications Commission after being declared "provisional winners" of the 3.5 Gigahertz spectrum license, MTN Nigeria Plc, and Mafab Communications Limited.

Officially, I like to report that NCC has received and verified payments from MTN and Mafab for their procurement of 1 slot of 100Mhz each during the successful 3.5GHz spectral auction on December 13, 2021" stated Danbatta. The Commission has set a deadline of February 24, 2022, for each of them. Mafab Communications Limited has paid $273.6 million apiece for the Fifth Generation spectrum license, according to the Nigerian Communications Commission.

NCC Executive Vice Chairman Umar Danbatta announced that the payment status had been finalized after Thursday's deadline for the two winners had passed.

'3.5GHz Spectrum: MTN and Mafab Pay for Licences' was the headline of a press release from the Commission on Thursday.

At one point, the statement claimed, "The Nigerian Communications Commission has received complete payment of $273.6 million each from the two provisional winners of the 5G spectrum license, MTN Communications Nigeria Plc, and Mafab Communications Limited. "

Officially, I like to report that NCC has received and verified payments from MTN and Mafab for their procurement of 1 slot of 100Mhz each during the successful 3.5GHz spectral auction on December 13, 2021" said Danbatta. both fulfilled the February 24, 2022, deadline imposed by the Commission on that matter
 

Quick Reply

NName:

Verification:
Type the letters shown in the picture
Listen to the letters / Request another image
Type the letters shown in the picture: