Zinox Telecom, the telecoms division of Zinox Group has announced that the company will no longer be participating in the 2.3GHz spectrum auction. Instead, the company will be focusing on its core end to service delivery.
According to Uche Nnadozie, the group’s communications adviser to Zinox Group, the decision to withdraw from the auction was reached by the board.
He said: “There was a last minute decision by the board which discouraged the management from the bid. The board argues that 2.3GHz license will divert attention from our core competence.
He told Nigeria Communications Week: “You know we are already have an end to end solutions service provider in the ICT sector. So the advice of the board is that we should focus on our core competence. You also know, we have a hub here in Nigeria” he added. The 2.3GHz spectrum auction is open to new entrants as well as companies operating in the telecommunications market in Nigeria and abroad.”
The company had expressed interest in the auction of the 2.3GHz spectrum, a frequency band touted to possess the potentials to foster penetration of high speed Internet services across the country.
MTN Nigeria, Globacom, Airtel, Etisalat, Spectranet, Main One, Mobitel and Brymedia are all reportedly in the race for the spectrum.
