Why the 5G auction won't hold – NCC
The Nigerian Communications Commission has revealed that only Airtel Network Limited has become the sole bidder for its 3.5 GHz spectrum band for the 5G rollout in the country.
Based on this, there will be no auction as Airtel would be awarded one of the available lots of 100 MHz TDD spectrum in the 3.5 GHz band for the reserve price of the NCC of $273.60 million.
The commission said so in a statement on Wednesday.
According to it, as of the close of business on Monday, December 5, 2022, only two companies had expressed interest in auctioning its 3.5 GHz spectrum band, but only one had paid its intent to bid required deposit.
The companies were Airtel and Standard Network and Connections Limited.
However, only Airtel paid the intent to bid deposit as stipulated in the information memorandum, while Standard Network sent an appeal email for the deadline to be extended 12 working days, which was not the case. acceptable given the auction schedule.
"Having complied with all the provisions of the IM, Airtel has therefore become the only bidder. Consequently, there will be no further tendering and the Commission will proceed to the final stage. attribution in accordance with the published information memorandum guiding the licensing process."
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The Nigerian Communications Commission has revealed that only Airtel Network Limited has become the sole bidder for its 3.5 GHz spectrum band for the 5G rollout in the country.
Based on this, there will be no auction as Airtel would be awarded one of the available lots of 100 MHz TDD spectrum in the 3.5 GHz band for the reserve price of the NCC of $273.60 million.
The commission said so in a statement on Wednesday.
According to it, as of the close of business on Monday, December 5, 2022, only two companies had expressed interest in auctioning its 3.5 GHz spectrum band, but only one had paid its intent to bid required deposit.
The companies were Airtel and Standard Network and Connections Limited.
However, only Airtel paid the intent to bid deposit as stipulated in the information memorandum, while Standard Network sent an appeal email for the deadline to be extended 12 working days, which was not the case. acceptable given the auction schedule.
"Having complied with all the provisions of the IM, Airtel has therefore become the only bidder. Consequently, there will be no further tendering and the Commission will proceed to the final stage. attribution in accordance with the published information memorandum guiding the licensing process."
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