MTN Nigeria and Mafab Communications Limited have been awarded the slots for the 5G spectrum in the auction by the Nigerian Communications Commission (NCC) for a price of $273m.
The auction, which took place on Friday, December 13, at the Transcorp Hilton Hotel, Abuja, was done using the ascending clock auction system.
Three qualified bidders for the 3.5 GHz spectrum, namely: MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd, participated in the software-based simulated auction exercise.
More to follow…
