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    Flutterwave adds Google Pay to its Payment Options for African Businesses

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    Releaf secures $3.3 million Pre-series A funding to improve its Food Processing Technology

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    CBN increases Cash Withdrawals for Individuals and Organizations

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    GDG Hosts DevFest Jos 2022

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    Peakfield Academy crowned Champions of The Axia Hub Tech Challenge

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    Bolt Drivers in Jos to Embark on a Three-day Warning Strike

    Amazon Web Services opens office in Lagos, Nigeria

    Amazon Web Services opens office in Lagos, Nigeria

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    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

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    SmallSmall to Expand to Jos following a $3 Million Seed Raise

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    How Tobiloba Olusola is making Electronic Health Records Accessible to Patients

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    How this Startup Founder turned his Passion for playing Video Games into a GameFi Company

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    The Reality of the Global Economic Slowdown is hitting the Tech Startup Sector in Africa

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    Binance now accepts Naira Deposits and Withdrawals

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    Is Africa Ready to Operate a Digital Monetary Policy?

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    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

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    Flutterwave gets Switching and Processing licence from CBN

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    Paga launches its Naira Virtual Cards in Partnership with Visa

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    Kenya’s Sky.Garden looks to shut down e-Commerce Operations after Funding Failure

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Home Tech

NCC to Rollout more 5G Spectrum Licences to Telecoms

by Ajifa Solomon
October 24, 2022
in Tech
Reading Time: 2 mins read
0
NCC to Rollout more 5G Spectrum Licences to Telecoms
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The Nigerian Communications Commission (NCC) has announced the opening of bids for the fifth generation (5G) network for two other telecom companies. 

In an Information Memorandum, NCC stated that it was offering two additional slots in the 3.5 gigahertz (GHz) spectrum for 5G network deployment in the country for auction.

The reserve price for the license will run for 10 years at $273.60 million.

Recall that

  • NCC rolled out two 5G slots with Mafab Communications and MTN in February. 
  • MTN in August became the first telecom to offer 5G services in Nigeria across Anambra, Borno, Delta, Edo, Imo, Kano, Lagos, Rivers, Oyo and the Federal Capital Territory, Abuja.
  • Mafab Communications did not launch on the expected date as it focused on obtaining full licenses to operate.

Zoom in

The two new slots by the NCC will be available for auctions in what is described as a fair and transparent process and the bid winners will be given a 12-month time frame to build the 5G infrastructure for commercial use.

This will further achieve Nigeria’s 5G goal and deploy its benefits such as providing higher speed, lower latency and greater capacity than 4G LTE networks.

Related

Tags: 5GNCCSpectrum
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