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HomeTop NewsNCC approves Airtel spectrum renewal licences for 10-year at N71.6 bln fee

NCC approves Airtel spectrum renewal licences for 10-year at N71.6 bln fee

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By Samuel Bankole

 

The Nigerian Communications Commission (NCC) has approved Airtel Nigeria’s application for renewal of the spectrum licences in the 900MHz and 1800MHz bands for a fee of N71.611 billion.

In a regulatory filing with the Nigerian Stock Exchange (NSE), Airtel Africa, the parent company of the local telecoms firm said the approval will run from December 1, 2021 to November 30, 2031.

These spectrum licences were otherwise due to expire on 30
November 2021, the company said in the filing.

“Following the application, the NCC subsequently offered Airtel Nigeria the opportunity to renew its spectrum licences in the 900MHz and 1800MHz bands for a period of ten years with effect from December 2021 1, until November 30, 2031, which Airtel Nigeria has accepted.

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“Under the terms of the spectrum licences Airtel Nigeria has paid N71.611 billion naira ($189 million) in respect of the licence renewal fees,” the telecoms firm said in the filing.

“I am pleased to announce that our application in Nigeria to renew our spectrum licences in the 900MHz and 1800MHz bands for a ten-year period has been approved by the NCC. “This is our largest market and we remain focused on bridging the digital divide and expanding our broadband
capability in the country,” said Raghunath Mandava, CEO of Airtel Africa.

Mandava said; “On behalf of Airtel Nigeria and the Group, I would like to thank both the government of Nigeria and the NCC for their cooperation and support in this important process.”

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