A major regulator, the Nigeria Communication Commission (NCC) has shortlisted three companies for the 5-G network operations in Nigeria.

The benefitting companies are MNT, Airtel and a new outfit Mafab communications ltd.

The Nigerian regulator offered offered two lots of 100mHz TDD spectrum in the 3.5GHz band, ranging from 3500 – 3600mhz and 3700 – 3800mHz

It said in a statement Thursday that only the three companies successfully submited bids for the new network as the  window for bid submission closed on 29 November 2021.

Among other requirements, successful bidders deposited $19.74m, representing 10 percent of the reserve price for the spectrum.

“The deposit is to subsequently “bind the applicant to take up a licence should it be a successful bidder…,” NCC said.

A mandatory mock auction and the main auction to pick the winners will hold this month, the agency said.

NCC advertised only two lots for bidding in this licensing round, a decision that riled major industry players.

Consequently, two of the majors, Glo and 9Mobile, stayed away from the bid.

Industry stakeholders frowned at NCC’s decision to license only two telecom companies to operate the 5G network.

The succesful bidders in the first round will enjoy a two-year advantage over the competition, they said.

NCC had hitherto announced that another set of three licenses will be available for bidding in 24 months.

However, the National Frequency Management Council (NFMC) has the final say on who will be granted the two licences.

 

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