3.5GHz Spectrum Auction: Airtel Emerges As Sole Bidder". - NCC
By Gloria Usman, Abuja
The Nigerian Communications Commission (NCC) says Airtel Networks Limited (Airtel) emerged as the sole Bidder of the 3.5GHz Spectrum Auction.
The Commission made the announcement in a Press Released signed by Director Public Affairs NCC,Reuben Muoka in Abuja.
According to the Commission as at the close of business on Monday, December 5, 2022, only two companies expressed interest in the auction of the 3.5GHz Spectrum band.
The companies are: Airtel Networks Limited (Airtel) and 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.
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