MTN, CELTEL, GLO GET 3G LICENSES IN NIGERIA

Telecoms

At the weekend the Federal Government awarded 3G licenses to Nigeria’s three major GSM companies and a relatively unknown operator, Alheri Engineering Co. Ltd, to enable them expand their scope of operation in the industry. 17 companies originally expressed interest in the bid.

With the award of the licenses, the four successful applicants are expected to each pay the $150 million fee, being the Reserve Price less, the Intention-to-Bid deposit of $15 million, within 14 business days of award of the Provisional Licence, industry sources said.

The four applicants' submissions were evaluated with respect to the compliance details outlined in the Information Memorandum with which each applicant was found to have been fully complied with. Consequently, since the number of applicants matched the number of lots available, no further allocation process was used to award the license.

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