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.
- 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.
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.