MTN Nigeria Communications Plc has announced the approval of its purchase of a 2.6Ghz spectrum by the Nigerian Communications Commission (NCC).
In a press release statement, MTN disclosed that the license of the 2.6Ghz spectrum is for 10 years which would run from 7th September 2023 till 16th April 2033 when it can be renewed.
MTN said this 2.6Ghz spectrum would enable the telecom giant to “enhance network capacity and improve customer experience”.
Commenting on the approval of the acquisition, MTN CEO, Karl Toriola said the 2.6Ghz spectrum would help support the growing demand for data in Nigeria and it would also enable the company to “improve overall internet experience”. He said “The acquisition of an additional 10MHz FDD in the 2.6GHz spectrum band is an important milestone in the execution of our Ambition 2025 strategy. This spectrum will enable MTN Nigeria to roll out our network capacity more efficiently and enhance our sustainability priorities. Not only will it help to support the growing demand for data in the country but will improve the overall internet experience in line with our commitment to delivering quality service to our customers. Importantly, this also aligns with our ongoing support of the Federal Government’s plan to deepen broadband penetration in Nigeria.”
MTN Nigeria had leased its 2,500 network sites to ATC Nigeria with the deal to begin from 2025.
The telecoms giant noted that the current license for which IHS Nigeria Limited provides its tower services is due to expire in 2024 and 2025.
MTN disclosed via an official statement signed by Company Secretary, Uto Ukpanah that it called for a transparent bidding process to lease its tower contracts and ATC Nigeria emerged winner of the contract which is to take effect from 2025.