Business
NCC approves spectrum deal between MTN Nigeria, OpenSkys Services
MTN Nigeria has acquired a spectrum band from OpenSkys Services Limited, the company disclosed in a statement filed with the Nigerian Exchange Limited (NGX) on Tuesday.
The telecommunications company said the Nigerian Communications Commission (NCC) approved the deal between the telco and OpenSkys Services, but didn’t disclose the value of the deal.
NCC approved the transfer and assignment of a 10MHz frequency division duplex (FDD) in the 2.6GHz spectrum band from OpenSkys Services to MTN.
READ ALSO: Just in: NCC approves MTN Nigeria’s purchase of 2.6Ghz spectrum
It took effect from September 7, 2023, but will be due for renewal on April 16, 2033, according to the statement.
Commenting on the deal, Karl Toriola, the chief executive officer of MTN Nigeria said: “The acquisition of an additional 10MHz FDD in the 2.6GHz spectrum bands is an important milestone in the execution of our Ambition 2025 strategy.”
“This spectrum…. will help to support the growing demand for data in the country, but will improve the overall internet experience.
“Importantly, this also aligns with our ongoing support of the Federal Government’s plan to deepen broadband penetration in Nigeria,” Toriola added.
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