NCC pegs 5G Reserve Price at N75bn
The Nigerian Communications Commission (NCC) has pegged the reserve price for the auction of the 5th generation spectrum which will hold on December 13, 2021 at N75bn.
Making its decision known to a broad-section of telecommunication stakeholders in Lagos, the regulatory agency presented timelines, strategy and comments of telecommunications operators to the draft information memorandum for the auction of the 3.5GHz spectrum band as part of its 5G technology deployment plan.
NCC which sought the active participation of stakeholders in the deliberations that would follow towards the licensing of the 3.5GHz mid band for the deployment of 5G services amongst others in Nigeria stated that the Information memorandum provides guidance and a process that the commission will adopt for licensing of the 3.5GHz band.
NCC plans to use the Ascending Clock Auction which is software based and provisions have been made for manual auction in case the auction software fails during the auction process.
The regulator plans to have a mock auction on December 6th 2021 which precedes the main auction on December 13, 2021. However, mobile operators including MTN, Airtel, Huawei as well as GSM Association have called on the regulator to lower the reserve price for the 5G spectrum.
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