Nigeria: Silverbird Offers US$32.67 m For Radio, TV Network Licences

Broadcast

The National Broadcasting Commission (NBC) is preparing to draw up Radio and Television Network Licencing Agreement with Silverbird Communications Limited, in readiness for presidential approval.

Silverbird Communications has offered N5 billion (US$32.67 m) for radio and television licences, beating 14 other companies that indicated interest in the asset. The commission in a statement, said, "In the final round of bidding for the radio network licence, Silverbird Communications emerged winner with an offer of one and a half billion naira. Silverbird Communications also won the bid for the Television Network Licence, with an offer of three and half billion naira."

Silverbird Communications emerged as preferred bidders on December 11, 2009, in the licencing process for one commercial radio and one commercial television network licences in Nigeria. In a bidding process initiated by the NBC in September 2009, Silverbird Communications out-bid two other contenders in what the participants roundly described as a transparent process.

The other bidders who had earlier succeeded in scaling the technical bid along with Silverbird Communications were Daar Communications Plc and Megalectric. While Daar Communication was gunning for both radio and television networks, Megalectrics applied for only radio network licence.

The financial bidding process went into the second round for both the radio and television licences without any of the contenders making the reserved price in the first round.

The Director General emphasised that the Commission would forward the licence application of the preferred bidder to the presidency for final grant of the licence in line with constitutional provisions.

Leadership 11 February 2010