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5G: Nigeria’s spectrum auctions fixed at N75b still holds December 13, NCC says

5G: Nigeria’s spectrum auctions fixed at N75b still holds December 13, NCC says
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Nigeria’s upcoming spectrum auctions for 5G services which have been fixed at a reserve price of N75 billion (N197.4m) each remains unchanged and still holds December 13, the telecoms regulator says.

The planned bid for the 3.5GHz spectrums by new entrants and existing telecoms operators to be assigned for rollout of 5G services in Nigeria will be also be preceded by a mock auction holding December 10, 2021, Engineer Oluwatyin Asaju, Director of Spectrum Administration at Nigerian Communications Commission (NCC) told stakeholders at the 5G stakeholders forum underway in Lagos.

But MTN Nigeria, which recommends a $50 million reserve price to ensure a lower spectrum price is low, also reckons that the payment be staggered to make for an initial 50% payment and balance spread over five years, among other suggestions by the largest mobile phone company.    

At the time of filing this report, senior officials of the telecoms regulator and industry stakeholders at the Lagos Marriot Hotel in Ikeja, Lagos, venue of the event, are reviewing feedback from operators on the upcoming Nigerian 5G spectrum sales to be conducted using the ascending clock auction model.

NCC is hosting today’s 5G stakeholder forum ahead of the upcoming spectrum auctions for the rollout of the fifth-generation mobile network technology in the country.

The forum will also afford industry stakeholders the opportunity to discuss the draft Information Memorandum (IM) for the upcoming auction of the 3.5 gigahertz (GHz) spectrum band, according to the telecoms regulator.

Technology Times Staff News and Reports from Technology Times Newsroom. Call/SMS/ WhatsApp: +234 815 7000 100

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