Home Big Story Broadband: Nigeria offers 14 licenses for ₦44.1b in upcoming 2.6GHz spectrum auctions

Broadband: Nigeria offers 14 licenses for ₦44.1b in upcoming 2.6GHz spectrum auctions

Broadband: Nigeria offers 14 licenses for ₦44.1b in upcoming 2.6GHz spectrum auctions
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Nigeria has offered 14 broadband licences at a total ₦44.1 billion ($224,000,000) in an upcoming frequency spectrum auctions kicking off May 16, this year.

The planned auction of 2.6GHz frequency spectrum, being offered at a reserve price of N3,152,000,000 ($16,000,000) in the forthcoming spectrum auctions, will allow winning bidders to use them in offering broadband services in Nigeria.

The offer price is the highlight of the 2.6GHz Spectrum Auction Information Memorandum released by the Nigerian Communications Commission (NCC), that outlining the telecoms regulator’s plan to “license the entire 2 X 70 MHz slot available in the 2.6 GHz band to support the delivery of broadband wireless services nationally.”

The latest price being offered by NCC is the same as that of last year, when the administration of ex-President Goodluck Jonathan offered the same spectral resources, but later cancelled the proposed auctions slated to start for May 5, last year.

However, this time around, NCC says the spectrum sales will “open up the space for the delivery of present and future generations of broadband services to subscribers in consonance with the Nigerian National Broadband Plan of 2013.”

The regulator says it is adopting the option of an auction for the sales of the licence becaue this is considered to be the most efficient mean of selling the resources to investors hoping to tap stakes in broadband or any other sapce in the Nigerian telecoms market.

In case a winner does not already have a unified access service licence (UASL), this would be sold as an added package at a price tag of N374.6 million (three hundred and seventy four million, six hundred thousand naira), under the planned auction rules.

 


Flashback from last year….

Govt offers 14 licences for N130.5b in 2.6GHz spectrum auctions

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