The Nigerian Communications Commission (NCC) has placed the reserved price on the Fifth Generation (5G) licenses at approximately ₦75 billion (Seventy-Five Billion) Naira only, reports ITREALMS.
The equivalent of N75bn, ITREALMS gathered from NCC, which is One Hundred and Ninety-Seven Million and Four Hundred Thousand United States Dollars only (US$197,400,000.00) is to be used.
An Initial Bid Deposit (IBD), according to Director, Spectrum Administration, NCC, Engr. Oluwatoyin Asaju, who spokes at the “Stakeholders Consultative Forum on the Draft Information Memorandum for the 3.5GHz Spectrum Auction” equals to 10 per cent of the reserve price is adopted in line with the previous auction.
On eligibility, he said, entails that new entrants are allowed to participate in the auction in addition to existing licensees.
“Only licensees with 100% regulatory compliance would be allowed to participate in the auction,” he declared, stressing that licensees with outstanding debts that have secured management’s approval for a payment plan will be allowed to participate.
Asaju explained that the auction of license would come with a 10-year Spectrum License and a minimum requirement of a Unified Access Service License (UASL) operational license. While the new entrants or licensees without a UASL will be required to additionally obtain a UASL operational license.
In addition, Asaju pointed out that network operators would be required to meet all auction conditions as specified in the Information Memoranda (IM); Carry out periodic penetration testing, and vulnerability scan of their networks to ensure security of the systems.
Starting from the effective date of the licence, he said that rollout service in at least one State in each geo-political zone: South West, South-South, North Central including the Federal Capital Territory, North West, North East zones, within the first and two years of the license.
In the year 3 to 5, Asaju said that additional six states other than those in year 1 to 2, across the six geo-political zones.
“Operators are encouraged to roll out across all other states. Service roll out in each state would mean a minimum of five sites in a state. Whereas minimum download speed of 100 Mbps is to be achieved by the operators and shall be measured using applicable measurement tools,” he said, assuring that a risk management framework for 5G will be developed in due course.
Remmy Nweke & Uj. N. Dominic/DoP
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