MTN becomes the first telecom operator to win 5G license in Nigeria » africantrendtv


MTN successfully offered one of two licenses for 100 MHz on the 3.5 GHz spectrum auctioned by the NCC.

The asking price for each spectrum is $275.9 million.

MTN's 5G network is expected to increase broadband penetration in Nigeria, enable faster communication and stimulate economic development.

MTN Nigeria Communications Plc, a subsidiary of MTN Group Limited, has been awarded a contract to operate a 5G network in Africa's most populous country, Nigeria.

Business Insider Africa and Africantrendtv estimate the bid price for each spectrum is $275.9 million. After a successful takeover, MTN will now introduce 5G services to its customers in the West African country.

The company says 5G will increase broadband penetration in Nigeria. In particular, 5G networks must enable faster and smoother communications and promote economic growth. Carl Toriola, CEO of MTN Nigeria, provides further explanation, saying:

“5G is the future of network technology and offers our customers tremendous opportunities for new and improved services. Our successful offering is an opportunity to be at the forefront of making these technological advances available to as many Nigerians as possible. The benefits of 5G are many - varied, and are the key to opening new avenues for the country's growth and development.

It's more than just high-speed internet or faster streaming speeds; 5G has an impact on improving service delivery across all sectors. It has the potential to change the economy of our country and change the daily life of every Nigerian. We thank NCC for hosting a transparent auction that will lead us to what we want "tomorrow".

Torriola added that the license came at the right time as the company counts to the end of its current public offering of 575 million shares to retail investors.

It should be noted that the second frequency license for Mafab Communications Ltd. The company beat Airtel Africa to win the tender.

Source : Business insider Africa

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