NCC to raise at least $224 million from 2.6GHz spectrum auction

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Nigerian Communications Commission (NCC) is set to raise about US$224 million from the scheduled auction of 14 licences for 2.6GHz spectrum.

According to NCC, it consulted with the relevant industry stakeholders to determine the demand and the best way to issue the Spectrum.

Based on these and observations of developments in international licensing trends, the commission said it decided to license the available 2 X 70 MHz slot in slots of 5 MHz to be aggregated by applicants through the Spectrum auction process.

It is offering 14 Lots of 2 X 5 MHz FDD paired Spectrum in the 2.6 GHz band ranging from 2500 – 2570MHz and 2620 to 2690MHz (totaling 2 X 70 MHz) for auction.

Each lot is being auctioned at a minimum price of US$16 million which means the commission would raise a minimum of US$224 million from the auction.

“On completion of the Auction process, the Commission will issue each winner a ten (10) year National Spectrum licence on a State-by-State basis and the Federal Capital Territory. Each winner who does not currently hold a Unified Access Service Licence (UASL) which is the Operational Licence, will be issued one at an additional fee of Three Hundred and Seventy Four Million, Six Hundred Thousand Naira only (N374,600,000.00),” NCC stated.

The auction will take place from 5 – 8 May, while the list of provisional winners will be published on 11 May and they would be required to pay for the licence by 1 June which would be followed by the publication of the final result on 2 June.

 

Source# ITwebafrica#

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