The Nigerian Communications Commission (NCC) has announced that three telecoms companies have qualitied as approved bidders of the forthcoming 3.5 gigahertz (Ghz) spectrum auction for the deployment of Fifth generation (5G) networks in the country.
NCC said the announcement is in consistent with its regulatory principle of open and transparent auction.
A statement signed by Dr. Ikechukwu Adinde, director, Public Affairs at NCC, said the qualified bidders that have met the criteria for participation in the licensing process of 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit (IBD) as outlined in the Information Memorandum (IM), are include MTN Nigeria Plc., Mafab Communications Limited and Airtel Networks Limited.
Consequently, the stage is now set for the three companies to participate in the Main Auction as well as in the mandatory Mock Auction process, which will come as a precursor to the Main Auction.
The Commission has also reaffirmed the dates for the conduct of both the Mock Auction and the Main Auction.
The Mock 3.5Ghz spectrum Auction is scheduled to hold on Friday, December 10, 2021 at Transcorp Hilton Hotel, Abuja by 11:00 a.m., while the Main Auction for the 3.5Ghz spectrum will hold on Monday, December 13, 2021 at the same venue and same time.