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NCC Approves 3 Bidders For 3.5Ghz Spectrum Auction

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NCC Approves 3 Bidders For 3.5Ghz Spectrum Auction

The Nigerian Communications Commission (NCC) has announced that three telecoms companies have qualified as approved bidders in the upcoming 3.5 gigahertz (Ghz) spectrum auction for the deployment of fifth generation (5G) networks in the country, in keeping with its regulatory principle of an open and transparent auction.
The qualified bidders that have met the criteria for participation in the licensing process of 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit (IBD) as outlined in the Information Memorandum (IM), are include MTN Nigeria Plc., Mafab Communications Limited and Airtel Networks Limited.
Consequently, the stage is now set for the three companies to participate in the Main Auction as well as in the mandatory Mock Auction process, which will come as a precursor to the Main Auction.
The Commission has also reaffirmed the dates for the conduct of both the Mock Auction and the Main Auction. The Mock Auction is scheduled to hold on Friday, December 10, 2021, at Transcorp Hilton Hotel, Abuja by 11:00 a.m., while the Main Auction will hold on Monday, December 13, 2021, at the same venue and same time.