The current price per lot of the 100MHz band of the 3.5GHz spectrum at the ongoing auction being organised by the Nigerian Communications Commission (NCC) has risen to $215,782,901.38 as the three eligible bidders continue to fight for the two licences on offer.
MTN Nigeria, Airtel Nigeria and Mafab Communications Ltd have entered the fifth round of the 3.5GHz spectrum auction for the deployment of Fifth Generation (5) networks in Nigeria . They ended the fought Round at $209,497,962.50.
The price per lot of 100MHz band of the spectrum on offer was $204, 388,256.10 at the end of the Round Three. For Second Round, the auction manager raised the offer to $201, 367,740.00.
In the First Round, the three bidders priced the two lots on offer at $199,374,000.00. The auction process started at $197,400.000.00 as the reserve price.
– Leadership NG