Airtel emerges sole bidder of 3.5GHz spectrum auction by NCC

Our reporter/ The Nigerian Communications Commission (NCC) on Wednesday night provided an update on the status of the recently concluded 3.5GHz spectrum auction.

According to a statement signed by Reuben Mouka, director, public affairs of the commission, only Airtel limited paid the full the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM), and has, therefore, emerged as the sole bidder.

The full text of NCC statement is published below:

The Nigerian Communications Commission (NCC) hereby announces that by the close of business on Monday, December 5, 2022, only two companies expressed interest in the auction of the 3.5GHz Spectrum band namely;

      i.          Airtel Networks Limited (Airtel) and

    ii.          Standard Network & Connections Limited (Standard Network).

However, only Airtel paid the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM) whereas, 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.

Having met all the provision in the IM, Airtel has, therefore, emerged as the sole Bidder.

Consequently, there shall be no further bidding and the Commission will proceed to the Assignment Stage in line with the published Information Memorandum guiding the licensing process

Signed:

Reuben Mouka
Director, Public Affairs

December 07, 2022

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