Airtel Emerges The Sole Bidder of the NCC 3.5GHz Spectrum Auction
NCC in a press statement signed by the Director, Public Affairs, Reuben Mouka and released by the commission says Airtel emerges the sole bidder of the NCC 3.5GHz spectrum auction.
The Nigerian Communications Commission (NCC) thereby announces that by the close of business on Monday, December 5, 2022, only two companies expressed interest in the auction of the 3.5GHz Spectrum band namely;
i. Airtel Networks Limited (Airtel) and
ii. Standard Network & Connections Limited (Standard Network).
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.
Consequently, 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.
