Yemisi Izuora
The Nigerian Communications Commission (NCC) has confirmed that only two companies expressed interest in the auction of the 3.5GHz Spectrum band.
According to the Commission, as at the close of business on Monday, December 5, 2022, only Airtel Networks Limited (Airtel) and Standard Network & Connections Limited (Standard Network) concluded the bidding process.
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.
The NCC said 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.
