NCC concludes auction process, awards license for 5G spectrum to MTN, Mafab
Following 11 rounds of bidding on Monday 13th December, 2021, telco giant, MTN Nigeria has won the bid for the 3.5 gigahertz (GHz) 5G spectrum auctioned by the Nigerian Communications Commission (NCC).
Beating network provider, Airtel, the second license was awarded to Mafab Communications— a subsidiary of Altani Group, incorporated to operate International Data Access Service.
The Commission had earlier published a public notice on its decision to award two lots of 100 megahertz (MHz) Time Division Duplex (TDD) available in the 3.5 GHz band through an auction process to support the delivery of ubiquitous broadband services for the deployment of 5G network in Nigeria.
Only three bidders MTN Nigeria Plc, Mafab Communications Limited, and Airtel Networks Limited qualified for participation in the licensing process of 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit as outlined in the Information Memorandum.
NCC Executive Vice Chairman and Auction Overseer, Professor Umar Danbatta announced the results of the auction exercise revealed MTN Nigeria and Mafab beat Airtel to the licenses after Airtel listed an exit bid of $270,000,000, while MTN posted an exit bid of $273,000,000, giving way to the Assignment Stage. At this point, Airtel had dropped off from the race having posted a lower exit bid, thus leaving Mafab and MTN as winners of the two available lots.
Danbatta said that the winning bid price for the auction is $273,600,000 for each lot of 100 MHz TDD and the provisional winners are expected to pay the Winning Bid price, less the Intention-to-Bid Deposit, by February 24, 2022.
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