Dr. Eugene Juwah, Executive Vice Chairman of Nigerian Communications Commission (NCC), says the mobile networks using Code Division Multiple Access (CDMA) technologies are dying in Nigeria because of inadequate investment capital.

He told attendees at the Association of Telecommunication Companies of Nigeria (ATCON) Telecom Executives and Regulator’s Forum in Lagos which gathered industry stakeholders to refocus the future of the local telecoms industry.

“CDMA is dying because of lack of adequate investment capital. Telecoms is not for small companies, be capable or you will die.” He therefore challenged local operators to ensure that they imbibe adequate skills and have access to finance, and also display the requisite commitment in order to be taken seriously”, the telecoms regulator said.

He announced that the result of the Infracos bidding exercise shall soon be announced. Juwah also reiterated that the policy of spectrum vending shall continue while the advertisement of information memorandum for the 2.6 GHz spectrum will be advertised in the coming days.

Other issues deliberated upon include multiple taxation, right of way, vandalism, security and smart city initiatives.