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

Govt offers 14 licences for N130.5b in 2.6GHz spectrum auctions
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The Federal Government of Nigeria has placed 14 licences on offer at N130.5 billion in the 2.6GHz spectrum auctions planned to begin May 5 in Abuja.
2.6GHz spectrum auctions in Nigeria
2.6GHz available slots
According to the auctions rules released by the Nigerian Communications Commission (NCC), a reserve price, representing the lowest amount the licence is being offered, has been pegged at N3,184,800,000.00 ($16,000,000) per slot for the 14 available to provide broadband services across the country.
The available slots of 14 licences totaling N130,576,800,000 will be enable the winners to offer broadband services across the country, under a government plan to offer impetus to diffusion of high-speed Internet services in Nigeria.
The release of the Information Memorandum detailing rules for the upcoming 2.6Ghz spectrum auctions in Nigeria resuming the licence sale suspended in November 2014 by NCC over what the agency cites as “administrative” issues.
Abuja, the nation’s seat of power will in June this year play host to bidders for the licences, hoped to open up new stakes in the market for broadband services across Nigeria.

[su_gmap address=”Nigerian Communications Commission, Plot 423, Aguiyi Ironsi Street Maitama, Abuja, Federal Capital Territory, Nigeria”]

According to the Information Memorandum released by NCC, “The proposed licensing of 2.6 GHz Spectrum has been influenced by the need to 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.”
NCC, which says it decided to auction the “entire 2 X 70 MHz slot available in the 2.6 GHz band to support the delivery of broadband wireless services nationally” is also assuring investors of market potentials for their stakes in the communications industry.
“Nigeria is the most populous nation in Africa with a population of about 173.6 million people as at 2013 according to the World Bank. The population has grown at a rate of 2.3% for each year from 2000 to 2013. Approximately 60% of the population is under the age of 20.”
2.6GHz spectrum auctions
2.6GHz spectrum auctions Time Table Source: NCC
Today, Nigeria, which is home to over 125 million active mobile phone connections is calling on stakeholders to explore stakes in the Internet market, where subscription is lower than voice and hence opens market opportunities.
“In line with these demographic changes internet penetration has increased from less than 0.1% in 2001 to about 54% in December 2014. The 2012 National ICT policy placed broadband Internet penetration for both mobile and fixed broadband at about 6.1%. Given key demographic and economic developments throughout the country, and in particular the subsequent potential scale and growth of Internet penetration in Nigeria, the next phase of expansion in the telecommunications sector provides a number of major opportunities for telecommunications operators, subscribers and the economy in general”, according to NCC.
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