2.6GHz Spectrum Auction Produced One Qualified Bidder Says NCC

The Nigerian Communications Commission, NCC, has disclosed that there was no need for an auction of the 2.6GHz Spectrum as the process produced one qualified bidder at the close of the application submission date of April 29, 2016.

In a statement signed by the Director of Public Affairs of the Commission, Mr Tony Ojobo, the Commission said: “In line with Information Memorandum (IM) on the auction of 70 MHz in the 2.6 GHz Spectrum Band published on February 25, 2016 the Nigerian Communications Commission, on behalf on the Federal Government of Nigeria, wishes to announce that the auction process, which closed for submission of applications on April 29, 2016, produced one Qualified Bidder.

“The Qualified Bidder expressed an interest to bid for Six  (6) Lots out of the Fourteen (14) Lots on offer and paid the bid deposit as specified by the Information Memorandum on the Auction.Therefore, the need for an auction event no longer arose as the IM, stated that “If the aggregate demand from Approved Bidders is less than, or equal to the number of lots on offer, the Commission will provisionally award the license to the party/parties at the reserve price.”

The NCC had already closed the submission of applications for the bidding process on April 29, 2016, with a plan to select qualified bidders that will eventually bid for the auction of the license on May 16, 2016.

“Consequently, the Commission is currently undertaking a due diligence with a view to issuing a letter of award of license for the cumulative 30MHz in the 2.6GHz Frequency. Upon approval, the Qualified Bidder will be required to pay a total US$96,000,000 (Ninety Six Million US Dollars) for the license,” the statement said.

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