MTN Nigeria Successfully Bids For 3.5GHz Spectrum Licence To Enable 5G Roll Out

MTN Nigeria has successfully won the bid to acquire one of the two 100MHZ spectrum licences in the 3.5GHz spectrum band auctioned by the Nigerian Communications Commission (NCC).

MTN won the bid alongside Mafab Communications Limited, the NCC announced on Monday.

According to a statement issued by Uto Ukpanah, MTN Company Secretary, the awarding of the licence to the telecoms company is a significant step towards achieving the goals of the Nigerian National Broadband Plan (2020-25).

The statement noted that the acquisition of the spectrum will enable the rollout of 5G services to MTN Nigeria’s customers.

“5G is the future of network technology and offers incredible possibilities for new and enhanced services for our customers. Our successful bid presents an opportunity to be at the forefront of delivering these technological advancements to as many Nigerians as possible,” Karl Toriola, MTN Nigeria Chief Executive Officer, was quoted as saying.

“The benefits of 5G are multi-faceted, and they hold the key to unlocking new avenues for the nation’s growth and development. It is far more than high-speed internet or faster-streaming speeds; 5G has implications for improved service delivery across every sector. It has the potential to transform our nation’s economy and make a difference in the daily lives of every Nigerian. We thank the NCC for organising a transparent auction which will transport us into the ‘tomorrow’ we desire.

“The auction could not have come at a better time as we count down the last few hours to the close of the MTN Group’s ongoing offer for sale of shares in MTN Nigeria. We encourage anyone who has not yet subscribed to the offer to visit and use one of the channels available to apply.”

ALSO READ:  Wadume Taraba ‘kidnap kingpin’ Arraigned With Six Others for 'terrorism'


Leave a Reply