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Bitflux secures local spectrum licence bid

19 February 2014, 21:40

Lagos - The Nigeria Communications Commission (NCC) has announced Bitflux Communications Limited as the winner of the 2.3GHz broadband spectrum license.

The commission said Bitflux edged indigenous telecoms operator, Globacom out of the bid with an offer of  $23.25 million.

NCC had set the initial bid offer at $23 million.

With the development, Bitflux officially becomes the national broadband carrier of the country. The offer is valid for 10 years and subject to renewal. Announcing the outcome of the bid in a statement, NCC said, “The NCC, on behalf of the Federal Government, hereby announces Bitflux Communications Limited and Globacom Limited as the approved bidders for the auction of one Frequency Spectrum License in the 2.3GHz band.

This is having complied with the pre-qualification criteria set out by the commission in the Information Memorandum for the 2.3GHz Spectrum Auction.”

Glo and Bitflux are the two companies competing for the license after several other interested telecoms firms like MTN, Airtel, Etisalat voluntarily withdrew from the bid.

Their withdrawal came after Federal Lawmakers said they were against participation of private companies in the spectrum bid.

The lawmakers insisted that the participation of privately held companies in the spectrum sales would not be in the best interest of the country since they are not subject to the corporate governance and full disclosure standards obligatory for publicly listed companies.

According to NCC guidelines, Bitflux becomes the sole wholesaler of broadband services to other service providers in the Nigerian market.

- CAJ News


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