Wednesday, February 1, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Government

MTN And Mafab Emerged Champions In NCC’s 3.5GHz Spectrum Auction For Ubiquitous 5G Deployment

MTN, Mafab, and Airtel had an intense competition, bidding for the Nigerian federal government endorsement to commence 3.5GHz broadband installation all over the country.

Eni by Eni
December 15, 2021
in Government, Internet, Nigerian/African Tech
0

The Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission, NCC, are keen on deploying the fifth-generation broadband connectivity technology in Nigeria. The NCC took the lead to host a 3.5GHz Spectrum Auction, emerging the likes of MTN Nigeria and Mafab Communication Ltd as the winners of the bid sessions.Nigerian

Related posts

Electronic Transfer Levy

Nigerians React To FG’s Imposed Levy On Recipients To Electronic Money Transfer.

January 13, 2023
The NBC Fines MultiChoice and Its League of Broadcasters for Televising Insurgent Documentary.

The NBC Fines MultiChoice and Its League of Broadcasters for Televising Insurgent Documentary.

August 5, 2022

Aside from MTN and Mafab that won the contest for 5G deployment, Airtel Nigeria was the third participant in the 3.5GHz spectrum auction — the Indian-owned telecom Giant backed off when bidding became expensive and complex during the final round. The NCC’s drafted Information Memorandum are requirements that accredit its participant to fill available lots on the 3.5GHz Spectrum Auction that kicked off in Nigeria’s state capital, Abuja.

The three bidders are reportedly telecom Giants in Nigeria and beyond Africa — auctioning for the lead position to deploy 5G broadband connectivity in Nigeria that turned out to be an intense event. The status quo of both Airtel, Mafab, and MTN is closely competitive whereby they participated in a mock auction three days prior to the main event.

As expected, the 3.5GHz Spectrum auction underwent rounds of bid pricing. The auction started with a $199,374,000.00 bid price. The bid price continued to add up and got to a hundred quarter million in the ninth round which is equivalent to $251, 210,172.65. The three bidders (MTN, Mafab, and Airtel) continued participating despite the increment of the bid price.

The eleventh round of the auction with a $275,904,886.25 bid price determined the champion of the contest. At this point, the contestants revealed an exit bid that ranges around the eleventh round bid price tag. Airtel lost the contest because the Telecom giant posted the least bid that amounts to $270M lesser than the official bid price. Although MTN posted a $274M bid in the eleventh round above Airtel’s bid.

MTN and Mafab emerged winners of the 3.5GHz spectrum auction contest, per Prof. Umar Garba Danbatta’s announcement — Danbatta is reportedly NCC’s executive vice-chairman and Auction Overseer. Before the auction event, NCC’s Danbatta revealed the possible outcome for winning the bidding contest — only two lots were reserved for winners to access the next level dubbed “Assignment Stage” approved for deploying the expected 5G broadband technology.

Danbatta also promised to award winners with advanced technology pairable with the 3.5GHz technology to bolster the widespread deployment of 5G broadband connectivity across Nigeria. NCC’s Information Memorandum has published a month ago, encouraging more participants with a tangible award for contesting duration auction that is expected to influence growth in the Nigerian digital economy — only three licensed contestants were qualified to bid during the 3.5GHz Spectrum Auction, including Airtel, Mafab and MTN, per NCC’s Information Memo.

The NCC chairman and board of commissioners Prof. Adeolu Akande, shared comments that revealed the auction was well organised, fair, and transparent. The commission also applied the Ascending Clock Auction format that was adopted to ascertain the winner in the last bid round. However, “MTN made an offer of $15,900,000 for the assignment of a preferred Lot, while Mafab made an offer of $11,120,000 for a preferred Lot.”

It is worth noting the completion of the Assignment Stage is expected to bolster the data network above the current broadband technology, minimum data latency, and higher bandwidth. The Nigerian 5G campaign will encourage other African countries to deploy the same 3.5GHz broadband connectivity technology to match the western world in terms of innovation and a healthy digital economy.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0
Tags: 5ggovernmentinternetmafabmtnnccNigerian technology
Previous Post

DrugStoc Is Powering The African-Based Pharmaceutical Supply Chain With Cloud-based Technology-As-A-Service.

Next Post

54gene Unveils Its Branched Out African-Based Diagnostics Hub 7RiverLabs, Alongside More Sample Collection Centres In Nigeria.

Next Post
54gene Unveils Its Branched Out African-Based Diagnostics Hub 7RiverLabs, Alongside More Sample Collection Centres In Nigeria.

54gene Unveils Its Branched Out African-Based Diagnostics Hub 7RiverLabs, Alongside More Sample Collection Centres In Nigeria.

RECOMMENDED NEWS

Ethiopia Wants To Launch Its Social Media App To Take On Facebook And Twitter

Ethiopia Wants To Launch Its Social Media App To Take On Facebook And Twitter

1 year ago
Telcos, Facebook Supplement Undersea Cable With 4 New Landing Sites

Telcos, Facebook Supplement Undersea Cable With 4 New Landing Sites

1 year ago
Africa’s Fintech Sector Grows And Matures As Investment Skyrocket

Africa’s Fintech Sector Grows And Matures As Investment Skyrocket

1 year ago
YouTube Announces Series of Events Planned to Celebrate Africa Day This May.

YouTube Announces Series of Events Planned to Celebrate Africa Day This May.

9 months ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
35 Posts
View Posts
Transport
10 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
  • Spotify
    Tech Retrenchment: Spotify Has Prepared To Cut It Global Workforce This Week.
    • January 24, 2023
  • Kuda Bank
    The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
  • Airtel Launches eSIM Technology In Nigeria
  • Mafab Communication Debut 5G Cellular Data In Nigeria.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In