By Esther Alexander – (ABUJA)
Nigerian Communications Commission (NCC), on Thursday, announced three telecoms companies who have qualified as approved bidders of the forthcoming 3.5 gigahertz (Ghz) spectrum auction for the deployment of Fifth generation (5G) networks in the country.
This approval is in line with it’s consistent with regulatory principle of 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), include MTN Nigeria Plc., Mafab Communications Limited and Airtel Networks Limited.
The ground is now set for the three companies to compete in both the Main Auction and the required Mock Auction, which will take place before the Main Auction.
The commission also confirmed the dates for the Mock Auction and the Main Auction.
The Mock Auction will begin at 11:00 a.m. on Friday, December 10, 2021 at the Transcorp Hilton Hotel in Abuja, and the Main Auction will begin at 11:00 a.m. on Monday, December 13, 2021 at the same location and time.