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MTN waives $273.6 million fee for 5G license

There are strong indications that the telecommunications company, MTN, has paid for the fifth generation (5G) network license in Nigeria before the February 24 deadline given to the winners of the 3.5 GHz spectrum auction.
MTN and Mafab Communications have emerged as the winners of the two 100 MHz lots of 3.5 GHz spectrum to be deployed for the 5G network in Nigeria during the auction process organized on December 13, 2021 by the Nigerian Communications Commission (NCC) in collaboration with the Ministry of Communications and Digital Economy, Abuja.
The two companies had to pay $273.6 million before the deadline. MTN, as the highest bidder, paid an additional $15,900,000 to pick the first lot in the 3500MHz-3600MHz to become the first preferred bid winner.
Although NCC has yet to officially announce, an industry source close to the commission, which is monitoring the state of affairs, said on Wednesday that MTN made the payment two weeks ago. This was later confirmed by a phone company official.
Speaking anonymously, she said: “MTN has approved the 5G bill, the regulator is expected to announce when they deem it ready.”
Also on the NCC website, MTN was listed among those who had paid their full license fees and collected the license documents for the respective telecom company before the era of reclassification of licenses into licenses. class and individual.
As stated on the NCC website, the license obtained by MTN is in the individual category.
Although not much has been heard of Mafab Communications, however, checks have shown that the company is sure to make the payment before the deadline.
Verifications revealed that Mafab hopes to raise $350 million via equity to finance the cost of the spectrum license and other associated project costs.
Mafab Communications is an indigenous company incorporated in 2020 and licensed to provide and operate local and international interconnection services.
The company is currently a subsidiary of Althani Group of Companies Limited, a 15-year-old company with annual sales of over $450 million. The company also holds an operating interest in the banking, insurance, hospitality and telecommunications areas of the Nigerian economy.
According to reports, Mafab Communications has set a five-year target, which would see it rolling out to more than 6,000 locations in the country. In the first year of deployment, Mafab is targeting growth of 1.5 million subscribers from the deployment of 1,000 sites; to grow to three million 3000 sites by the second year.
By year three, the company envisions 4,000 sites and five million customers; year four would see 5,000 site deployments, six million users and by year five the site deployment should have grown to 6,000 and a subscription base of 7.5 million.
MTN Nigeria, meanwhile, has informed its customers that they will now be required to provide their virtual NIN or the enhanced NIN slip for all SIM-related services.
The company disclosed this in a vNIN update flyer. According to the company, SIM card registration, replacement, mobile number portability, NIN bonding and 4G upgrade can only be done with vNIN or enhanced NIN slip.
He said: “vNIN is a tokenized version of a person’s actual NIN, it is a 16 digit alphanumeric NIN (ABCXYZ1249872DK…) that customers will need to generate either through the NIMC mobile app, through the slip Enhanced NIN with QR code for scanning using NIMC mobile app or USSD channel for all SIM related services