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5G Competition: MTN Pays N113.5 Trillion for NCC’s 5G License Fee Before February 24 Deadline

The Nigeria Communications Commission has confirmed that MTN has paid the N113.5 trillion 5G license fee with Mafab Communications before the February 4 deadline The two companies emerged winners of the 3.5 gigahertz Fifth Generation technology in an auction held on November 2021 Mafab paid N4.5 billion in addition to the original license fee while MTN added N6.5 billion license fee 

MTN Nigeria has paid the N113.5 trillion license fee before the February 24 deadline given by the Nigeria Communications Commission elapsed. NCC announced this on its website. According to the information, MTN and Mafab Communications were named among those that paid their license fees in full have taken possession of the license documents for the telecoms undertaking before reclassification of licenses into Class and Individual licenses.

What you should know MTN emerged as the highest bidder at the auction followed by Mafab communications Limited. Mafab added N4.5 billion to the bidding fee and MTN added N6.5 billion.

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