Nigerian Communications Commission (NCC) has said provisional winners of the 3.5GHz spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made full payment of $273.6 million each for the 5G Spectrum licence to the commission. Executive Vice Chairman of NCC, Prof. Umar Danbatta, officially confirmed the payment yesterday, February 24, 2022, just as […]
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Amid revenue crisis, FG hopeful of $557.2m windfall from 5G licencees
If Mafab Communications meets the February 24 deadline for the payment of the $273.6 million (N113.5 billion) 5G-auction fee, the Federal Government could get temporary relief from its revenue challenges, as an additional $557.2 million (N231.2 billion) would have been remitted to government’s coffers from the licensing regime. While it has been confirmed that MTN […]