Friday, February 3, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Telecom

The NCC Report MTNN and Mafab Communication Have Completed The 5G Spectrum license Fee.

MTNN completed their license fee before the deadline countdown elapsed.

Eni by Eni
February 25, 2022
in Telecom
0

MTN Nigeria and Mafab Communication have reportedly sorted their license fee to acquire the Nigerian Communication Communication’s license for deploying the fifth generation broadband connection, 5G. Both telecoms are mandated to pay the $273.6m autonomously to the NCC.

Related posts

Starlink Nigeria.

Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.

February 1, 2023
Airtel eSIM

Airtel Launches eSIM Technology In Nigeria

January 25, 2023

Recall, MTNN completed their payment to the NCC in the wake of February — while the countdown to the NCC deadline elapsed already. The NCC Director of Public Affairs, Dr. Ikechukwu Adinde confirmed both MTNN and Mafab have made complete payments to gain the commission’s 5G spectrum license.

“The Provisional winners of the 3.5 Gigahertz (GHz) spectrum license, MTN Communications Nigeria Plc, and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. The NCC chairman, Danbatta also commend the telecom behemoth committed to 5G broadband installation in the country.

“The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially confirmed the payment status today, February 24, 2022, just as the deadline set for the two winners of the spectrum auction elapsed. The Provisional winners of the 3.5 Gigahertz (GHz) spectrum license, MTN Communications Nigeria Plc, and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially confirmed the payment status today, February 24, 2022, just as the deadline was set for the two winners of the spectrum auction elapsed. As part of the auction process emplaced by the Commission in the Information Memorandum (IM), three companies, namely MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd submitted bids with an initial bid deposit (IBD) of $19.74 million, representing 10 percent of the Reserve Price of the 3.5GHz Spectrum by the close of the Bid submission date of November 29, 2021. Following the successful auction on December 13, 2021, and the emergence of MTN and Mafab as winners, they were required to pay the balance of the bid amount of $253.86 million on or before February 24, 2022.”
— The NCC Director of Public Affairs, Dr. Ikechukwu Adinde.

Danbatta acknowledged the commission is keen on regulating the telecommunications industry. The NCC chairman also acknowledged the federal government for endorsing the push for low-latency capabilities to communications services in Nigeria, and higher connection speed.

Danbatta officially acknowledged MTNN and Mafab for making complete payment “for their acquisition of 1 slot of 100Mhz each in the 3.5Ghz spectrum auction, which was successfully conducted by the Commission on December 13, 2021. They both met the deadline of February 24, 2022, as set by the Commission.”

The capacity of the 3.5 Gigahertz (GHz) 5G broadband connectivity is mobile and the commission is “look forward to accomplishing other deployment timelines in the 5G deployment roadmap, as articulated in the National Policy on 5G Networks for Nigeria’s Digital Economy.”

Remember the NCC published a public notice about the reserve slots for the 5G spectrum installation. At the time Airtel Nigeria, MTN Nigeria, and Mafab Communication LTD booked the NCC’s slot to participate when they rolled out the information memorandum to commence the auction bidding for the slot endorsed by the government permitting 5G installation. Only MTNN and Mafab emerged winners of the NCC’s bid application.

Total
2
Shares
Share 2
Tweet 0
Pin it 0
Share 0
Tags: 5gLicensencctelecom
Previous Post

The Crypto Market Is Influenced By Africans And Asian Criminal Whales.

Next Post

Bitcoin Spikes and Hovers Around $40,000 Per Coin.

Next Post
The Crypto Market Is Influenced By Africans And Asian Criminal Whales.

Bitcoin Spikes and Hovers Around $40,000 Per Coin.

RECOMMENDED NEWS

Microsoft Spent $100M To Debut Its African Development Center In Ikoyi Lagos.

Microsoft Launch Its Cybersecurity Agency for Hire.

9 months ago
TLcom Capital Led SeamlessHR Series A Fundraising With A $10M Deal to Expand Towards East And Southern Africa.

TLcom Capital Led SeamlessHR Series A Fundraising With A $10M Deal to Expand Towards East And Southern Africa.

1 year ago
South African Retail Company Massmart To Sale 14 Game Stores Across West Africa And East Africa

South African Retail Company Massmart To Sale 14 Game Stores Across West Africa And East Africa

1 year ago
Kenya’s IT Practitioners Debut The Cyber Shujaa Initiative To Train 2,000 Youth As Cybersecurity Experts

Kenya’s IT Practitioners Debut The Cyber Shujaa Initiative To Train 2,000 Youth As Cybersecurity Experts

10 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 Nigerian Communications Commission 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
36 Posts
View Posts
Transport
11 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Audi South Africa
    Audi Invest R45 Million In South Africa To Deploy EV Charging Infrastructure.
    • February 1, 2023
  • Starlink Nigeria.
    Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.
    • February 1, 2023
  • 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
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

  • Audi Invest R45 Million In South Africa To Deploy EV Charging Infrastructure.
  • Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.
  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

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