Mtn nigeria wins ncc auction

You're referring to the recent auction of 3.5 GHz spectrum by the Nigerian Communications Commission (NCC).

According to reports, MTN Nigeria has emerged as the highest bidder in the auction, winning a total of 100 MHz of spectrum in the 3.5 GHz band. The company reportedly paid a whopping N98.8 billion (approximately $250 million) for the spectrum.

The auction was held on December 13, 2022, and saw several telecom operators participating, including MTN Nigeria, Airtel Nigeria, Globacom, and 9mobile. The 3.5 GHz band is considered a valuable spectrum for 5G deployment, and MTN Nigeria's win is seen as a significant development in the country's 5G journey.

With this spectrum, MTN Nigeria is expected to enhance its network capacity and speed, offering better services to its customers. The company has already announced plans to deploy 5G services in Nigeria, and this spectrum win is a major step towards achieving that goal.

It's worth noting that the NCC had initially planned to auction 2,000 MHz of spectrum in the 3.5 GHz band, but the auction was later reduced to 1,000 MHz due to lack of interest from some bidders. Despite this, the auction still generated significant revenue for the government, with the total amount paid by all bidders reaching N143.8 billion (approximately $360 million).