MTN Nigeria Communication Plc (MTN Nigeria) on Tuesday announced that it has successfully bid to acquire one of the two 100MHZ spectrum licences in the 3.5GHz spectrum band auctioned by the Nigerian Communications Commission (NCC).
The Company Secretary, MTN Nigeria, Uto Ukpanah in a statement on the Nigerian Exchange Limited (NGX) noted that the bid is a significant step towards achieving the goals of the Nigerian National Broadband Plan (2020-25).
Ukpanah noted that the acquisition of the spectrum is expected to enable the rollout of 5G services to MTN Nigeria’s customers.
He said: “Fifth generation (5G) mobile network technology offers faster data speeds and low latency. It allows several devices to be connected to one go and creates vast possibilities in innovation and transformation.
“5G will enable seamless communication and interconnectivity between smart devices, a process commonly called the internet of things. It has the potential to accelerate the digital transformation of industries.”
Commenting on the outcome, MTN Nigeria CEO, Karl Toriola, in a statement said: “5G is the future of network technology and offers incredible possibilities for new and enhanced services for our customers.
“Our successful bid presents an opportunity to be at the forefront of delivering these technological advancements to as many Nigerians as possible.
“The benefits of 5G are multi-faceted, and they hold the key to unlocking new avenues for the nation’s growth and development. It is for more than high-speed internet or faster-streaming speeds; 5G has implications for improved service delivery across every sector.
“It has the potential to transform our nation’s economy and make a difference in the daily lives of every Nigerian.”