33.2 C
Lagos
Wednesday, January 19, 2022

NCC says process of 5G licence auction was transparent, open, fair

- Advertisement -spot_imgspot_img

The Nigerian Communications Commission (NCC) has declared that the process of auction of thhe 5G spectrum sold to two telecom firms this week was transparent, fair and open as the public auction followed a rigorous due process.

The telecom industry regulator in a response to speculations that a former Lagos State Governor, Bola Tinubu was connected with Mafab Communications, one of the winners of the bid, noted thaht the auction process was witnessed by a cross-section of stakeholders as observers, including the media, the Association of Telecom Companies of Nigeria (ATCON), the Independent Corrupt Practices  and Other Related Offences Commission (ICPC) as well as civil society groups.

The NCC said in a statement on Thursday that Mafab Communications Limited is a corporate entity duly licensed by the Commission to conduct telecommunications business.

The company, which is in good regulatory standing with the Commission, currently holds international data access (IDA), inter-connect data exchange (IDE) and Value-Added Service (VAS) licences.

READ ALSO: Femi Otedola says not interested in First Bank chairmanship despite his investment

It is pertinent to state that the Information Memorandum (IM) for the auction of the 3.5 gigahertz (GHz) spectrum clearly set out eligibility criteria for participation of interested bidders in the auction, which included that new companies could participate in the bid.

Over the years, the NCC has had spectrum auctions and as an independent regulatory agency, has maintained an undisputable reputation of successful auctions based on openness, fairness and transparency, a fact widely acknowledged locally and internationally. NCC’s auction proceedings conform to international best practice, devoid of any undue influence or interferences whatsoever.

A higher standard of integrity and openness was emplaced in the 5G auction as the process was, for the first time, witnessed by the public both physically and virtually through a link provided by the  Commission on its official website.

The Commission would like to assure Nigerians that, following the successful auction of the 5G spectrum, it is prepared to drive the implementation of the next phase of the deployment of the new technology, in line with the Federal Government’s approved plan, for the benefit of all citizens.

Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img