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Nigeria 5G Auction: Mafab, new entrant, in race against MTN, Airtel

Nigeria 5G Auction: Mafab, new entrant, in race against MTN, Airtel
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Mafab Communications Limited, a new entrant licensee for Interconnect Exchange and International Data Access services, has joined MTN and Airtel to bid for two licences on offer in the upcoming Nigeria 5G auction. 

Technology Times had exclusively reported that MTN Nigeria has paid the bid deposit to enter the 5G auction, a development confirmed by the Nigerian Communications Commission (NCC) announcement of the three bidders as MTN Nigeria Plc., Mafab Communications Limited, and Airtel Networks Limited.

 Dr Ikechukwu Adinde, NCC Public Affairs Director confirmed in a statement that “the stage is now set for the three companies to participate in the Main Auction as well as in the mandatory Mock Auction process, which will come as a precursor to the Main Auction.”

Major industry players like Globacom, the second national operator; its mobile business unit, Glo Mobile, and 9Mobile are missing from the first phase of Nigeria’s 5G auction in which two bouquets of 3.5GHz spectrum band for 5G deployment are to be auctioned by NCC at a $197.4 million reserve price apiece.

Meanwhile, Adinde says the three firms are the “qualified bidders that have met the criteria for participation in the licensing process of 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit (IBD) as outlined in the Information Memorandum (IM).”

NCC’s announcement of the “three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz (Ghz) spectrum auction for the deployment of fifth-generation (5G) networks in the country”, Adinde says, is “consistent with its regulatory principle of open and transparent auction.”

The NCC Public Affairs Director says that the “Commission has also reaffirmed the dates for the conduct of both the Mock Auction and the Main Auction. The Mock Auction is scheduled to hold on Friday, December 10, 2021 at Transcorp Hilton Hotel, Abuja by 11:00 a.m., while the Main Auction will hold on Monday, December 13, 2021, at the same venue and same time.”

Editor’s Note: Please check back for more on this developing story.

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