The Federal Government of Nigeria has placed 14 licences on offer at N130.5 billion in the 2.6GHz spectrum auctions planned to begin May 5 in Abuja.
According to the auctions rules released by the Nigerian Communications Commission (NCC), a reserve price, representing the lowest amount the licence is being offered, has been pegged at N3,184,800,000.00 ($16,000,000) per slot for the 14 available to provide broadband services across the country.
The available slots of 14 licences totaling N130,576,800,000 will be enable the winners to offer broadband services across the country, under a government plan to offer impetus to diffusion of high-speed Internet services in Nigeria.
The release of the Information Memorandum detailing rules for the upcoming 2.6Ghz spectrum auctions in Nigeria resuming the licence sale suspended in November 2014 by NCC over what the agency cites as “administrative” issues.
Abuja, the nation’s seat of power will in June this year play host to bidders for the licences, hoped to open up new stakes in the market for broadband services across Nigeria.
[su_gmap address=”Nigerian Communications Commission, Plot 423, Aguiyi Ironsi Street Maitama, Abuja, Federal Capital Territory, Nigeria”]