X

This is not a paywall.

Register for free to continue reading.

The news sucks. But your reading experience doesn't have to. Help us improve that for you by registering for free.



Please create a password or click to receive a login link.


Please enter your password or get a login link if you’ve forgotten


Open Sesame! Thanks for registering.

First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

MTN Wins First 5G License in Nigeria

Defend Truth

International Finance

MTN Wins First 5G License in Nigeria

A customer uses a mobile phone beside an MTN Group Ltd. "Connect Point" in Lagos, Nigeria, on Saturday, Oct. 31, 2015. Photographer: George Osodi/Bloomberg
By Bloomberg
14 Dec 2021 0

MTN Group Ltd.’s Nigerian unit has been awarded a 5G license in Africa’s most populous country, paving the way for the continent’s largest wireless carrier to supply faster internet to consumers and businesses.

MTN Nigeria Communications Plc won one of the two licenses on offer at the auction on Monday, according to the Nigerian Communicatios Commission. The second was granted to Mafab Communications Ltd beating Bharti Airtel’s  Africa unit to it. Both MTN Nigeria and Mafab reached the 11th auction round where bid price was set at $275.9 million for each of the license, above the $197.4 million reserve price.

Nigeria aims to deploy 5G over major urban areas of the country and become Africa’s biggest network for the spectrum by 2025, Minister of Communications Isa Pantami said. “This technology will go a long way in supporting our security institutions who will leverage on it and ensure that we are all secure,” he said.

MTN is the West African country’s biggest wireless operator, while Airtel Africa Plc, which listed in Lagos and London in 2019, vies with local operator Globacom Ltd. as the country’s second-biggest carrier.

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet

Please peer review 3 community comments before your comment can be posted