(Ecofin Service) – Nigerian Communications Commission (NCC) announced June 29, 2016 the award of the license of the 2.6 GHz frequency spectrum to the telecom operator MTN Nigeria. The telecom company has, indeed, been the only company to show an interest in this frequency spectrum, opened to auction by the telecoms regulator.
Through it, MTN Nigeria now has the means to realise its ambition to provide Internet access of high speed broadband to all populations of the country. An investment that will eventually see it swell its number of subscribers and revenues, which have suffered somewhat from the crisis that it was plunged in by its penalty in the country.
Ferdi Moolman (photo), the CEO of MTN Nigeria, explained that the operator was awarded the license for the frequency spectrum of 2.6 GHz “after meeting all regulatory requirements for sale to auction and made the payment of the licence of 18.96 billion naira (67.2 million US dollars) to the NCC. ” ” We are very happy of this development at this time, which is another step in the right direction that follows Nigeria. Indeed, MTN is fully aligned with and supports the objective of the NCC to provide broadband services to the generations present and future subscribers, according to the National Broadband Plan 2013 ,” enthused the MTN Nigeria CEO.
“The acquisition of the frequency of 2.6 GHz is preparing the ground for the deployment of Internet 4G LTE services across the country, starting with the major cities of Lagos and Abuja,” said Moolman, revealing the payment to the NCC 30 billion naira (about US $ 106 million), new tranche payment of its fine reduced to $ 1.65 billion.