MTN & MAFAB Win Licenses To Deploy 5G Services In Nigeria

 In a dramatic fashion, a telecom under dog, MAFAB Communications, emerged from nowhere, Monday, to become one of the winners of 3.5GHz Spectrum licenses.

The licenses are necessary to deploy 5G services in Nigeria.

The other winner is MTN Nigeria.

The third bidder, Airtel Nigeria, dropped out at $270m.

The winning price was $273, 600,000 million and the winners are expected to pay on or before February 24, 2022.