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NCC to auction 5G spectrum December

The Nigerian Communications Commission (NCC) has established a reserve price for licensing at an upcoming auction expected to set in motion the introduction of 5G technology in Nigeria. 

Wireless operators request a reduction in the reserve price.

Oluwatoyin Asaju, head of NCC’s spectrum administration unit, said Thursday that the bid round pricing, which is in the neighborhood of N75 billion ($197.4 million), will be implemented.

Telcoms requested that the reserve price be dropped to $50 million and the license validity period extended to 20 years, expressing worry over the current economic conditions in the corporate world.