MTN, Airtel Renew 3G Spectrum Licenses For 15years

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Telecom Giants, MTN Nigeria, and Airtel Nigeria have renewed their 3G spectrum license for a period of 15 years for a total sum of N117.4 billion to the Nigerian Communications Commission (NCC).

The 2100MHz spectrum represents the 3G mobile service on the network and was first launched in 2007.

In a statement on Monday, the telecom giant said the renewal, made to the Nigerian Communication Commission (NCC), took effect on May 1, 2022, and will end on April 30, 2037.

“Having accepted NCC’s offer to renew our 2100MHz spectrum for a period of 15 years, effective from 1 May 2022 to 30 April 2037, MTN Nigeria has paid N58.66 billion to the NCC. The 2100MHz spectrum license enables the provision of 3G mobile services on our network,” the company said.

Airtel Africa, the parent company of the Nigerian telco, in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, said it paid N58.7 billion for the 2×10 MHz 2100 MHz spectrum license.

Also, in a related development, NCC has also approved a spectrum lease transaction between telecoms giant, MTN Nigeria (MTNN) and Natcom Development and Investment Limited (NTEL).

The transaction approval was made known yesterday by Nigeria’s independent national regulatory authority for the telecommunications industry.

The deal which covers 19 states in the country, permits the telecommunication company to lease two spectrums – 5HMz Frequency Division Duplex and 10HMz FDD from NTEL.

According to a report, the transaction cost MTN Nigeria N4.25 billion and includes taxes, regulatory fees, and auxiliary charges as transaction costs while the spectrum lease is for a period of two-year, starting May 1, 2023.

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