3.5GHz Spectrum Band Auction to Support 5G Deployment in Nigeria
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 the 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 license 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 License) on or before November 11, 2022.
Please see our short primer on spectrum licensing here.
This legal update is not intended to be taken as legal advice. Please seek professional legal advice specific to your situation. For more information, legal opinions, company formations, tax, bidding, or spectrum licensing inquiries, please reach out to your usual Balogun Harold or contact our team via support@balogunharold.com
Olu A.
LL.B. (UNILAG), B.L. (Nigeria), LL.M. (UNILAG), LL.M. (Reading, U.K.)
Olu is a Partner in the Firm’s Transactions & Policy Practice. Admitted as a Barrister & Solicitor of the Supreme Court of Nigeria in 2009, he has spent over a decade advising clients on high-value transactions and policy matters at some of Nigeria’s leading law firms.
olu@balogunharold.com
Kunle A.
LL.B. (UNILAG), B.L. (Nigeria), LL.M. (UNILAG), Barrister & Solicitor (Manitoba)
Kunle is a Partner in the Firm’s Transactions & Policy Practice. Admitted as a Barrister & Solicitor of the Supreme Court of Nigeria in 2009, he has spent over a decade advising clients on high-value transactions and policy matters at some of Nigeria’s leading law firms.
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