MTN Pays FG N18.96bn For Broadband In Acquisition Of License

LTE_960x446-March-2015The Nigerian Communications Commission (NCC) on Wednesday formally declared MTN Nigeria as the winner of the 2.6GHz spectrum auction. After shelling out a whopping N18.96 Billion to the federal government of Nigeria as payment to slots it won in the 2.6GHz spectrum auction.

The NCC has described this spectrum as a significant trigger for a broadband revolution that will unlock benefits such as greater coverage, access, affordability and innovation, with the customer at the centre of these gains.

The 2.6GHz acquisition, he said has set the stage for the roll-out of 4G  LTE broadband internet services across the country, starting in the major cities of Lagos and Abuja.

MTN is seeing its success in this auction as a big boost to its plan to deliver global mobile broadband and LTE 4G services to over 60 million customers in Nigeria.

I can fully see the 4G LTE sign on my phone, fully waiting for the launch. Others in Abuja should also see the same.

Confirming the payment yesterday, MTN Nigeria CEO Ferdi Moolman stated that “after complying with all the requirements for the 2.6GHz auction and making the licence payment of N18.96 billion to the NCC, MTN has been issued a letter of award. With the 2.6 GHz band, we expect to roll out and provide the full range of LTE services to Nigerians, empowering Nigeria with the latest mobile broadband technology.

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“I am also pleased to announce that the first payment of N30 billion in the terms of settlement has already been disbursed to the NCC. In addition to the earlier payment of N50 Billion which we paid in good faith and without prejudice on February 24, this means we have now paid a total of N80 billion.”

“We are very pleased with this development at this time, which is a further step in the right direction for Nigeria. Indeed, MTN is fully aligned and supports the NCC’s objective to deliver broadband services to present and future generations of subscribers, in line with the National Broadband Plan of 2013.”

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