TheCable

The Nigerian Communications Commission (NCC) says it will hold engagement session with stakeholders on 5G spectrum on November 15, 2022.

Reuben Muoka, director, public affairs, NCC, in a statement on Friday said the proposed plan to issue two more 5G licences is “gathering steam”, hence the need to enlighten stakeholders on the Draft Information Memorandum that will guide the process.

An Information Memorandum provides accurate details about the business’ history, current position and projected future growth to attract prospective buyers and investors.

The commission said the stakeholders’ meeting will take place at the Marriott Hotel, Ikeja, Lagos, by 9.00 am.

In December 2022, NCC will conduct the second round of auctioning for 5G spectrum. Last year, MTN and Mafab communications won the first leg of the process.

“The proposed auction of two lots in the 3.5GHz Spectrum for the deployment of 5G services, set to take place in December 2022, is gathering steam and the Nigerian Communications Commission (NCC) has concluded arraignments to host an engagement session with stakeholders to discuss and provide more insight into the Draft Information Memorandum that will guide the process,” the statement reads.

“The engagement session will feature comments and submissions made by the different stakeholders on the Draft Information Memorandum.

“The outcome of the submission will be taken into consideration by the Commission in publishing the Information Memorandum for the auction.

“The process for the auction of the proposed lots of frequencies for 5G services commenced on October 21, 2022, with the publication of the Draft Information Memorandum on the Commission’s website.”

According to the commission, stakeholders have been advised to study the information memorandum and make their comments and questions available to the commission.