Connect with us

    Hi, what are you looking for?

    Tech

    MTN Nigeria Gets NCC Approval to Lease Spectrum from NTEL

    MTN

    Nigerian Communications Commission (NCC) has approved a spectrum lease transaction between MTN Nigeria and Natcom Development and Investment Limited (NTEL), according to report by Nairametrics.

    The deal would enable MTN Nigeria to lease two spectrums from NTEL (5HMz Frequency Division Duplex and 10HMz FDD) which cover 19 states in Nigeria.

    The transaction cost MTN Nigeria N4.25 billion, according to a corporate action filed by the telco and seen by Nairametrics.

    Read Also: Here’s All You Need to Know About New Service Codes for MTN, Glo, Airtel, and 9mobile

    The transaction cost included taxes, regulatory fees and anxilliary charges.

    Also, note that the spectrum lease is for a 2-year period, starting May 1st, 2023.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Nigeria Civil Aviation Authority (NCAA) has dismissed recent claims by Senator Orji Uzor Kalu alleging lapses in pilot preparation, substance abuse among flight crews,...

    News

    Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has called for the regulation of social media in Nigeria, warning that its unrestrained use poses a...

    News

    The Senate has confirmed Professor Joash Amupitan as the new Chairman of the Independent National Electoral Commission (INEC) following a voice vote by lawmakers...

    E-Financial

    Polaris Bank has reaffirmed its commitment to delivering exceptional customer experience through deeper engagement and partnership with its clients. This was demonstrated last Thursday...