Press Statement

NCC Qualifies Three Bidders for 3.5Ghz Spectrum Auction

...Re-affirms dates for mock, main action

Consistent with its regulatory principle of open and transparent auction, the Nigerian Communications Commission (NCC) has announced that 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.

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 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.

The commission had fixed the reserve price for the 3.5GHz spectrum auction at $197.4 million (75 billion) naira.

A reserve price is a minimum amount that a seller will accept as the winning bid. In bidding process, it prevents a bidder who offers a price lower than what the owner will accept from winning the auction

dmbb:
K

fergie0o1:


Signed:

Dr. Ikechukwu Adinde
Director, Public Affairs

December 2, 2021

bottomline is affordability. how affordable is data today? data dries up like fuel. these are supposed to be d issues that should concern patami and not how NIN will eradicate crime in nigeria as if he is d minister of security and crime

Poopypants:
Instead of perfecting 4G first , they are looking for 5G

Poopypants:
Instead of perfecting 4G first , they are looking for 5G

BlaqJosh:
Shut up vulture griller

Optimistguy1969:
5G again ?!

Pastor Chris come o!!!!!

dmbb:
May God continue to bless our lovely president Buhari

PCG001:
waнala ғor wнo ѕтιll dey υѕe 3g pнone

backbencher:


In many developed countries, not everywhere has 4g

Many rural areas in the US don't have 4g for example, talk less of 5g.....