Airtel Is The Sole Bidder In The Second Auction For 3.5GHz Spectrum – NCC1 min read
The Nigerian Communications Commission has announced Airtel as the sole bidder in the second auction for the 3.5GHz spectrum by the close of business on Monday, 5th December 2022.
According to a press release on Wednesday, 7th December 2022 signed by the NCC Director of Public Affairs, Reuben Mouka, said that only two companies expressed interest in the auction of the 3.5GHz Spectrum band namely; Airtel Networks Limited (Airtel) and Standard Network & Connections Limited (Standard Network).
The statement said that only Airtel paid the Intention to Bid Deposit as stipulated in the Information Memorandum whereas, Standard Network sent an email appeal for the deadline to be extended by twelve working days which was not acceptable given the auction timetable.
Having met all the provisions 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.