ARTICLE
9 November 2022

3.5GHz Spectrum Band Auction To Support 5G Deployment In Nigeria

BH
Balogun Harold
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Balogun Harold is a specialist law firm for investment and financing transactions focused on Africa. We routinely undertake debt finance, private equity, project finance, venture capital, market entry and technology transactions on behalf of clients. We deliver proven, guaranteed and exceptional outcomes by always aiming for the best level of legal and transactional support necessary to achieve our clients' strategic goals.
Spectrum License – The Nigerian Communications Commission (NCC) has commenced a public consultation in regard to the upcoming auction of the remaining lots of 2 x 100MHz in the 3.5GHz spectrum band...
Nigeria Media, Telecoms, IT, Entertainment
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Spectrum License – The Nigerian Communications Commission (NCC) has commenced a public consultation in regard to the upcoming auction of the remaining lots of 2 x 100MHz in the 3.5GHz spectrum band to support 5G deployment in Nigeria. Accordingly, the NCC has recently published a Draft Information Memorandum (IM) and invited stakeholders to send in their comments and review towards a publication of the final version.

Based on the information available in the Draft IM, the minimum price for each lot for a ten (10) year licence tenure is fixed at a proposed US$273,600,000.00 (Two Hundred and Seventy-Three Million and Six Hundred Thousand United States Dollars).

All submissions can be sent via email to Spectrumauction@Ncc.gov.ng or to:
The Executive Vice Chairman Nigerian Communications Commission Plot 423 Aguiyi Ironsi Way, Maitama, Abuja. (3.5GHz Spectrum Licence).

Please see our short primer on spectrum licensing here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
9 November 2022

3.5GHz Spectrum Band Auction To Support 5G Deployment In Nigeria

Nigeria Media, Telecoms, IT, Entertainment
Contributor
Balogun Harold logo
Balogun Harold is a specialist law firm for investment and financing transactions focused on Africa. We routinely undertake debt finance, private equity, project finance, venture capital, market entry and technology transactions on behalf of clients. We deliver proven, guaranteed and exceptional outcomes by always aiming for the best level of legal and transactional support necessary to achieve our clients' strategic goals.
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