MTN Nigeria named as sole bidder for 2600MHz spectrum

Telecoms

The Nigerian Communications Commission (NCC) has announced that MTN Nigeria, the country’s largest mobile operator by subscribers, emerged as the sole approved bidder in the recently concluded 2600MHz spectrum allocation process. The regulator has provisionally awarded 2×30MHz blocks of frequencies in the 2600MHz range to the South Africa-based firm, which has 21 days from the date of provisional award (13 June 2016) to pay the USD96 million fee for the ten-year nationwide licence. If it fails to do so, MTN will lose the licence and also forfeit the intention-to-bid deposit.