Home News Airtel loses as MTN, Mafab purchase verbalize for 5G spectrum

Airtel loses as MTN, Mafab purchase verbalize for 5G spectrum

by Good News

The two winners got the nod of the regulator at $273 million.

MTN and Mafab Communications Shrimp glean won the verbalize for the 5G spectrum auctioned by the Nigerian authorities Monday.

The Nigerian Communications Commission conducted the auction at the Transcorp Hotel in Abuja for the accessible two slots for the three.5 GHz spectrum.

MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd participated in the verbalize using the Ascending Clock Public sale System.

On Monday, every company went via a bidding room after taking part in an opening round.

The Remark Safety Companies (SSS) became tasked with monitoring the representatives of the corporations who were now not allowed to circulation away the room till the process became over.

The cost fixed the defective stamp for at $197.4 million. The two winners got the nod of the regulator at $273 million, the spokesperson for the NCC, Ikechukwu Adinde, urged PREMIUM TIMES.

Earlier at the occasion, the Minister of Communications and Digital Economy, Isa Pantami, said Nigeria is hoping to glean the widest 5G in Africa in 2022.

Mr Pantami said this at the auction of the three.5 gigahertz (Ghz) spectrum in Abuja on Monday.

Mr Pantami said this at the auction of the three.5 gigahertz (Ghz) spectrum in Abuja on Monday.

READ ALSO: Nigeria to deploy 5G Community soon – Pantami
Mr Pantami said 5G skills can resolve just a few of the safety challenges in the country, for the reason that skills affords accurate time products and companies and platforms.

“Let us now not neglect that Nigeria has the final note digital economic system in Africa, Nigeria has the final note telecommunications market in Africa, Nigeria has the final note web subscribers in Africa, Nigeria has the final note broadband and we hope that by 2022, Nigeria would maybe maybe glean the widest 5G coverage in Africa,” he said.

“It’s thanks to this and having a watch at the conventional benefits of the 5G deployment globally, Nigeria as a country, being the colossal of Africa, feels it is a long way a necessity for us to kickstart the process of 5G deployment.”


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