Telecommunication giant, MTN Nigeria Communications Plc, has obtained the approval of the Nigerian Communications Commission (NCC) to take over the 10MHz frequency division duplex (FDD) in the 2.6GHz spectrum band from OPENSKYS Services Limited after fulfilling the necessary acquisition procedures.
The GSM network provider said the 2.6GHz spectrum band is designated for the deployment of terrestrial mobile broadband services across the 36 states of the federation, including the FCT.
Though MTN Nigeria did not disclose how much it paid to purchase the spectrum, it stated that it would operate the facility for 10 years, effective from September 7,2023, and would be required to renew it by 2033.
The telco, with the largest subscriber base in Nigeria, said the new spectrum would enable it to meet the growing demand for data in the country.
Citing a GSMA report on opportunities for global mobile broadband, MTN stated that the 2.6GHz spectrum band is the ideal complement to the 700MHz-800MHz spectrum bands as together, these bands can help to provide the most cost-effective nationwide coverage of mobile broadband services across both rural and urban areas.
The firm noted that its recent acquisition will enable it to provide improved broadband services to its customers and meet their growing demand for capacity to deliver mobile broadband services. It further said the transfer of the spectrum will significantly improve its customers’ experience in line with its commitment to deliver excellent service.
Commenting on the acquisition,Karl Toriola, the chief executive officer, MTN Nigeria, said the additional spectrum will enable the company to deliver on its promise to customers to deliver quality service, as it continues to support the federal government’s vision of deepening broadband penetration in the country.
“This spectrum will enable MTN Nigeria to roll out our network capacity more efficiently and enhance our sustainability priorities. Not only will it help to support the growing demand for data in the country, but it will improve the overall internet experience in line with our commitment to delivering quality service to our customers,”he added.
Who’s afraid of the T+1 settlement cycle of CSCS?