NCC approves 3 Bidders for 3.5Ghz spectrum auction for deployment of 5G networks
The Nigerian Communications Commission (NCC) has announced the three telecoms companies that qualified as approved bidders of the forthcoming 3.5 Gigahertz (Ghz) spectrum auction for the deployment of the Fifth generation (5G) networks in the country.
In a statement signed by the Director Public Affairs, NCC, Dr Ikechukwu Adinde yesterday in Abuja, the commission noted that “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), are MTN Nigeria Plc., Mafab Communications Limited and Airtel Networks Limited.
“Consequently, 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.”
The regulatory Commission has also reaffirmed the dates for the conduct of both the Mock 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.
