MTN, Mafab emerge as winning bidders in Nigeria’s 3.5GHz spectrum auction

14 Dec 2021

After eleven rounds of bidding that lasted eight hours, the Nigerian Communications Commission (NCC) has announced that Mafab Communications and MTN Nigeria have emerged as the two successful winners of the 3.5GHz spectrum auction. A third company, Airtel Nigeria, also qualified to participate in the 5G auction process, but walked away empty handed at the conclusion of the final round of bidding. MTN and Mafab will each pay USD273.6 million for one lot of 100MHz TDD spectrum by 24 February 2022. Following the conclusion of the assignment stage, MTN selected spectrum in the 3500MHz-3600MHz band and the second lot (3700MHz-3800MHz) was assigned to Mafab.