The Nigerian Communications Commission (the Commission) on March 11, 2016 published an Information Memorandum (IM) expressing its intention to auction 2 x 70 MHz in the 2.6GHz Frequency Band on behalf of the Federal Government of Nigeria.
At the close of submission of applications and the subsequent evaluation thereof, MTN Nigeria Communications Limited (MTN) emerged as the sole Approved Bidder with an expressed interest to bid for 2 x 30 MHz of the available frequency.
Consequent upon the above, and in accordance with Clause 6.5.3 of the IM which mandates the Commission to provisionally award licence(s) to the Approved Bidder(s) if the aggregate demand is less than or equal to the number of Lots on offer, the Commission is pleased to announce that MTN has been provisionally awarded 2 x 30 MHz frequency in the 2.6 GHz Band.
MTN has 21 days from the date of Provisional Award (June 13, 2016) to pay the Reserve Price less the Intentionto- Bid Deposit (IBD) it has already paid. In the event that MTN fails to pay the fee within the specified period, MTN will lose the Award and also forfeit the IBD.
DIRECTOR, PUBLIC AFFAIRS
NIGERIAN COMMUNICATIONS COMMISSION