Nigerian Communications Commission (NCC) has granted provisional 2x30MHz in the 2.6gigahertz (GHz) frequency licence to MTN Nigeria Communications Limited (MTN), as the sole approved bidder and was required to pay a total $96m (N19.2bn) for the licence – a cumulative 30MHz in the 2.6GHz Frequency.
Tony Ojobo, director, Public Affairs at NCC, disclosed in an advertorial that at the close of submission of applications and the subsequent evaluation thereof, MTN Nigeria Communications Limited (MTN) emerged the sole approved bidder with an expressed interest to bid for 2x30MHz of the available frequency.
“Consequence upon the above, and in accordance with clause 6.5.3 of the IM which mandates the Commission to provisionally award licence(s) to the approved bidder(s) if the aggregate demand is less than or equal to the number of Lots on offer, the Commission is pleased to announce that MTN has been provisionally awarded 2x30MHz frequency in the 2.6GHz Band,” he said.
By the agreement, MTN has 21 days from the date of the provisional award which was on June 13, 2016, to pay the reserve price less the intention-to-bid deposit (IBD) it has already paid. If MTN fails to pay the fee within the specified period, the network will lose the award and also forfeit the IBD. But we don’t see that happening to MTN do we?
