Saturday, January 28, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

SMEs, Others Will Leverage 5G Technology For Growth, Says NCC

by e-Naira Online News
May 31, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


Small and Medium Enterprises (SMEs), especially fintech and e-commerce firms, will ride on 5G technology once deployed for growth, says the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta.

Speaking at a Telecoms Leadership Summit held in Lagos, Danbatta expressed confidence that the SMEs would immensely benefit from the 5G technology as they are all currently expanding the digital ecosystem in Nigeria.

“Digital services and contents being provided by SMEs, especially fintech and e-commerce firms, will leverage broadband infrastructure and the upcoming deployment of Fifth Generation (5G) network being driven by the Commission to deliver more innovative and high-quality experiences to consumers.

“The Commission’s successful auction and licensing of the 3.5GHz spectrum licenses in the last quarter of 2021 for the deployment of 5G technology is set to create many opportunities for the development of the industry, and as a regulator, we are conversant with the fact that a dynamic regulatory environment is needed to sustain this industry growth,” Danbatta added.

How MTN and Mafab won the bid for the first 5G experience

The Commission published a Public Notice on its decision to award two lots of 100MHz Time Division Duplex (TDD) available in the 3.5 GHz band through an auction process, to support the delivery of ubiquitous broadband services for the deployment of 5G technology in Nigeria.

Subsequently, an Information Memorandum (IM) was issued on November 10, 2021, in which Bid Applications for the available spectrum lots were invited. By the deadline for receiving applications on November 29, 2021, the Commission received applications from three licensed telecommunications companies: Airtel Networks Limited, Mafab Communications Limited, and MTN Communications Nigeria Plc.

The Auction was held successfully on Monday, December 13, 2021, at the Transcorp Hilton Hotel, Abuja with the three bidders competing for the available two lots in which the Commission adopted the Ascending Clock Auction format that ended after Round 11, and proceeded to the Assignment Stage.

In the auction, MTN and Mafab emerged provisional licence winners, and arising from this, the winning bid price for the auction was put at $273.6 million for each lot of 100 MHz TDD. The Provisional licence winners were then directed to pay the Winning Bid Price less the Intention-to-Bid Deposit, by February 24, 2022.

Related





Source link

Tags: growthleverageNCCSMEsTechnology
Previous Post

PDP primary: Resign now, Clark tells Ayu

Next Post

Nigeria, 44 Others At High Risk Of Impact Of Food Crisis – BCG Warns

Related Posts

Business

The Importance Of Business Continuity Planning

by e-Naira Online News
January 28, 2023
Business

Debts upon debts! Supreme Court rules against Honeywell Flour, as firm struggles with N67.02bn loans

by e-Naira Online News
January 28, 2023
Business

Nigerian petroleum agency blames cross-border smugglers for scarcity

by e-Naira Online News
January 28, 2023
Business

Access Holdings, International Breweries, others lose N51.7bn to investors’ apathy

by e-Naira Online News
January 27, 2023
Business

Lagos now closer to its smart city dream with 5G technology —Sanwo-olu

by e-Naira Online News
January 27, 2023
Next Post

Nigeria, 44 Others At High Risk Of Impact Of Food Crisis - BCG Warns

Zenith Bank raises $107.4m through Eurobond

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Three die in fresh US shooting

January 28, 2023

Moody’s downgrades Nigeria’s currency and debts ratings to Caa1, cites Ways and Means

January 28, 2023

Why it’s a bad idea to bet against the Crypto market right now

January 28, 2023

The Importance Of Business Continuity Planning

January 28, 2023

Oduwacoin, Other Crypto That Cost Less Than $1

January 28, 2023

Debts upon debts! Supreme Court rules against Honeywell Flour, as firm struggles with N67.02bn loans

January 28, 2023

Sao Paolo Introduces Blockchain in Data Access Law – Regulation Bitcoin News

January 28, 2023

Guinness, MTN, Access Holdings, Others Crash Stock Market By 0.18%

January 28, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.