In brief

9 December 2016

Telecoms

Swift Networks and Cobranet on Tuesday beat four others to emerge winners of the two slots of 25 MHz of 5.4GHz spectrum for Lagos State in an auction conducted by the Nigeria Communication Commission at the Sandralia Hotel, Abuja. The other four companies that bidded for the slots of 5.4GHz spectrum being used for delivery of wireless broadband services include Juniper Solutions, Steam Broadcasting, E-Kennet and Tizeti Network. The successful companies have been mandated by the NCC to pay N25, 784,347.10 before January 5, 2017, a balance of the wining amount excluding the amount paid earlier as intention to bid.