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MTN Set to Roll Out 4G LTE after Paying N18.96bn For Broadband Aquisition

If you have not heard it yet no problem, the Nigerian Communications Commission (NCC) , today declared MTN Nigeria as the winner of the 2.6GHz spectrum auction. This came after MTN Nigeria paid out a whopping N18.96 Billion to the federal government of Nigeria as payment to slots it won in the 2.6GHz spectrum auction. However with is recent 2.6GHz acquisition, the stage is now set for the roll-out of 4G/LTE broadband internet services across the country, starting first in the major cities of Lagos and Abuja.

This recent success adds a huge boost to MTN in its plan to deliver global mobile broadband and 4G/LTE services to over 60 million customers in Nigeria.
                      MTN Set to Roll Out 4G LTE after Paying N18.96bn For Broadband Aquisition,

Confirming the payment was MTN Nigeria CEO Ferdi Moolman stated that 

“after complying with all the requirements for the 2.6GHz auction and making the licence payment of N18.96 billion to the NCC, MTN has been issued a letter of award. With the 2.6 GHz band, we expect to roll out and provide the full range of LTE services to Nigerians, empowering Nigeria with the latest mobile broadband technology. “I am also pleased to announce that the first payment of N30 billion in the terms of settlement has already been disbursed to the NCC. In addition to the earlier payment of N50billion which we paid in good faith and without prejudice on February 24, this means we havenow paid a total of N80 billion.” “We are very pleased with this development at this time, which is a further step in the right direction for Nigeria. Indeed, MTN is fully aligned and supports the NCC’s objective to deliver broadband services to present and future generations of subscribers, in line with the National Broadband Plan of 2013.” He added “This license acquisition further demonstrates MTN’s abiding faith in the future of Nigeria and the resilience of the Nigerian economy. MTN continues to believe in Nigeria and we have expressed this belief in the level of our investment, which currently stands at approximately USD 15 billion and counting. We strongly believe that there is need for significant levels of investment in broadband infrastructure and services to truly launch Nigeria into the information age. We are honored to be the arrowhead.”

Are you ready to welcome MTN 4G LTE in your city?

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