MTN Nigeria has paid N62.91 billion to the Nigerian Communications Commission (NCC) for the renewal of its licence and the lease of Natcom Development and Investment Limited’s (NTEL) spectrum.
MTN Nigeria said the approval to lease the NTEL spectrum was for a 2-year period, effective from May 1, 2023.
The deal enables the telecom company to lease two spectrums from NTEL (5HMz Frequency Division Duplex and 10HMz FDD) which cover 19 states in Nigeria.
The transaction cost the company N4.25 billion, which include taxes, regulatory fees, and auxiliary charges.
READ ALSO: FIRS appoints MTN, Airtel, banks to withhold VAT
The company, in a statement issued recently by its secretary, Uto Ukpanah, noted that it has also renewed its 2100MHz spectrum for a period of 15 years, effective from May 1, 2022, to April 30, 2037.
Ukpanah, who stated that the spectrum enables MTN Nigeria to continue to provide 3G services on its network, disclosed that the telecom company has paid N58.66 billion to the NCC.
Speaking on the development, MTN Nigeria CEO, Karl Toriola, said: “This is a significant milestone in delivering our Ambition 2025 strategy.
“The access to NTEL’S 90OMHz and 1800MHz spectrums broadens our spectrum holdings and improves our 3G and 4G user experience as coverage and capacity will be enhanced by utilising these spectrums.”
The Minister of the Federal Capital Territory, Nyesom Wike, has emphasised the importance of discipline,…
The Federal Government has declared Friday, May 1, 2026, a public holiday to mark this…
President Bola Tinubu has appointed Bianca Odumegwu-Ojukwu as Nigeria’s Minister of Foreign Affairs, following the…
The Inspector-General of Police (IGP), Tunji Disu, has approved the recommendation of the Force Disciplinary…
Lagos State Deputy Governor Obafemi Hamzat has received President Bola Tinubu's official backing as the…
A staff member at the Murtala Muhammed International Airport, Ikeja, has returned a lost purse…
This website uses cookies.