The Nigerian Communications Commission (NCC) announced on Wednesday 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.
It said only Networks Limited (Airtel) and Standard Network & Connections Limited (Standard Network) bidded for the band.
According to a statement signed by Reuben Mouka, Director, Public Affairs, NCC, only Airtel paid the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM) while Standard Network sent an email appeal for the deadline to be extended by 12 working days.
However, the Commission said it declined to extend the deadline in view of the auction timetable.
Mouka said, “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.”
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