Spectrum License – The Nigerian Communications Commission (NCC) has commenced a public consultation in regard to the upcoming auction of the remaining lots of 2 x 100MHz in the 3.5GHz spectrum band to support 5G deployment in Nigeria. Accordingly, the NCC has recently published a Draft Information Memorandum (IM) and invited stakeholders to send in their comments and review towards a publication of the final version.
Based on the information available in the Draft IM, the minimum price for each lot for a ten (10) year licence tenure is fixed at a proposed US$273,600,000.00 (Two Hundred and Seventy-Three Million and Six Hundred Thousand United States Dollars).
All submissions can be sent via email to Spectrumauction@Ncc.gov.ng or to:
The Executive Vice Chairman Nigerian Communications Commission Plot 423 Aguiyi Ironsi Way, Maitama, Abuja. (3.5GHz Spectrum Licence) on or before November 11, 2022
This legal update is not intended to be taken as legal advice. Please seek professional legal advice specific to your situation. For more information, legal opinions, company formations, tax , bidding or spectrum licensing inquiries, please reach out to your usual Balogun Harold or contact our team via support@balogunharold.com
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