The Nigerian Communications Commission (NCC) has proclaimed
that only one bidder qualified from the auction of 70 MHz in the 2.6 GHz
Spectrum Band published on February 25, 2016, reports ITRealms.
Director, Public Affairs at NCC, Mr. Tony Ojobo, said that
the auction conducted on behalf of the Federal Government of Nigeria, closed
for submission of applications on April 29, 2016, and “produced one Qualified
Bidder.”
Ojobo said, 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 (IM) on the Auction.
He also said, 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 or parties at the reserve price”.
The Commission, he said, 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,” he
said.
The Commission, Ojobo said, expressed profound gratitude to
all telecom stakeholders for the interests shown in the auction process for the
2.6GHz Spectrum Band.
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