Read Time:2 Minute, 8 Second
The Nigerian Communications Commission (NCC) has issued public notice on the upcoming auction of two slots of 3.5GHz Spectrum.
This, the Commission said in a statement signed by Mr. Reuben Muoka, the Director Public Affairs, is meant to boost competition among players in the industry.
NCC said the move is in line with Section 121 of the Nigerian Communications Act 2003 (the Act) which bequeaths it with the responsibility to manage and administer Spectrum resources for the communications sector in an efficient and effective manner.
“This is for the socio-economic benefit of the country”.
“Accordingly, it is the Commission’s responsibility, as the industry regulator, to ensure that harmonized and standardized Spectrum resources are made available in a timely manner to ensure its optimal utilization. The impact of the Commission’s regulatory activities in this regard is evident in the contribution of ICT, and telecommunications in particular, to the Gross Domestic Product (GDP) of the country.
“The Act allows available Spectrum resources to be licensed through different methods. Spectrum licensing via Auction is one of the most transparent methods of assigning Spectrum resources globally. It is important to note that the Commission in response to requests for more Spectrum lots to be made available during the 2021 Stakeholders’ engagement had estimated a period of 24 months to clear all encumbrances in the remaining two (2) lots of the 3.5GHz band”, the statement reads.
The Information Memorandum that guided the 2021 Auction process further stated the Commission’s intention to migrate incumbent users of the remaining portion of the C-band to free up Spectrum and make it available for the deployment of new services.
“The Commission has achieved the clearance earlier than estimated 24 months, thus making the Spectrum available for licensing.
“The Commission wishes to reiterate that as a regulatory body holding in trust the management and administration of scarce spectrum resources on behalf of Federal government that it will continue to make available, the much needed harmonized and standardized Spectrum resources to the industry.
“The Auction is designed to boost competition by making it open to both new entrants as well as existing licensees.
“We, therefore, wish to reassure all stakeholders and investors, that the processes and schedule for the Auction of two (2) lots of 3.5GHz Spectrum will take place as planned.
“The final Information Memorandum for the Auction has been published on the Commission’s website.
Interested applicants are advised to adhere to the requirements as specified in the Information Memorandum for participation in the Auction”, the statement clarifies.
[…] It’s the era of the 5th generation mobile network which sets to drive faster and enhanced communication. As of June 2022, about 70 countries have deployed the 5G technology, with projections that more users will be onboarded. Earlier last year, Nigerians joined the list of 5G users after an auction process was announced by the National Communication Commission (NCC) for the 3.5GHz 5G spectrum. […]