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The Nigerian Communications Commission (NCC) has published the Draft Information Memorandum (IM) for its upcoming auction of the remaining lots of 2 x 100MHz in the 3.5GHz spectrum band to support 5G deployment in Nigeria.
To support its objective of reliable communications services and innovative digital technologies, the draft IM provides much-needed guidance to prospective entrants on the auction process. The draft IM also defines the process for licensing the remaining lots in the 3.5 GHz Spectrum band by the NCC and provides the following:
According to the draft IM, the minimum price for each lot for a ten (10) year of licence tenure is fixed at USD 273 million. However, this may be subject to changes before the draft is finalised.
The NCC has invited stakeholders and interested parties to review and comment on the draft IM before the final document is published. Interested participants are required to make their submissions in printed or electronic format summarising the salient points of their concerns and recommendations within 21 days from the publication of the IM.
Should you have any questions regarding this legal alert, please do not hesitate to contact Sumbo Akintola.
Emmanuel Ido, Associate