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NCC approves MTN’s spectrum lease transaction from NTEL
On Tuesday, the Nigerian Communications Commission approved a spectrum lease transaction from Natcom Development and Investment Limited to MTN Nigeria for two spectrums - 5HMz Frequency Division Duplex and 10HMz FDD - in 19 states in the country.
The transaction cost MTN Nigeria N4.25 billion, which includes taxes, regulatory fees, and auxiliary charges.
The spectrum lease will last for two years, beginning on May 1, 2023. According to Nairametrics, MTN Nigeria's CEO, Karl Toriola, sees this as a significant milestone in delivering the company's Ambition 2025 strategy, as access to NTEL's 900MHz and 1800MHz spectrums will improve the 3G and 4G user experience by expanding their spectrum holdings and enhancing coverage and capacity.
source;The punch
link;https://punchng.com/ncc-approves-mtns-spectrum-lease-transaction-from-ntel/
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