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MTN Nigeria Pays N58.66bn for 3G Mobile Services Licence Renewal

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MTN Nigeria Pays N58.66bn for 3G Mobile Services Licence Renewal

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MTN Nigeria Communications has renewed its 3G mobile services licence for another 15 years in Africa’s largest telecommunications market.

The company paid the Nigerian Communications Commission (NCC) N58.66bn for the renewal, which includes the 2100MHz spectrum.

The licence enables the provision of 3G mobile services on MTN Nigeria’s network.

MTN also received approval for a spectrum lease transaction with Natcom Development and Investment Limited (NTEL) for the lease of NTEL’s 5MHz Frequency Division Duplex (FDD) in the 900MHz spectrum band and 10MHz FDD in the 1800MHz spectrum band covering 19 states.

The transaction is for a period of two years, effective 1 May 2023, at a cost of N4.25 billion.

This article was updated 5 months ago

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