Airtel Nigeria has emerged as the sole bidder in the auction of the 3.5GHz spectrum band to support 5G deployment in Nigeria. The latest development brings the telecommunications giant closer to receiving the license to deploy the 5G network in Nigeria after MTN and Mafab communications, Technext reports.
According to a statement signed by the Director of Public Affairs at the Nigerian Communications Commission (NCC), Reuben Mouka, the commission hereby announced that only two companies expressed interest in the auction of the 3.5GHz Spectrum band by the close of business on Monday, December 5, 2022.
The two companies are; Airtel Networks Limited (Airtel) and Standard Network and Communications Limited (Standard Network). However, Airtel emerged as the sole bidder having been the only one to pay the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM).
On the other hand, Standard Network sent an email appeal for the deadline to be extended by twelve (12) working days which was not acceptable in view of the auction timetable.
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