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NCC confirms payment of N3.63billion bid price for 2.3GHZ spectrum licence

13 March 2014, 15:15

Abuja - The Nigerian Communications Commission (NCC) has confirmed that Bitflux, winner of 2.3GHZ spectrum licence, has paid the N3.63 billion ($23.25 million) bid price for the licence.

Tony Ojobo, NCC Director, Communications and Public Affairs, confirmed the payment on Wednesday in Abuja.

He said that Bitflux paid for the licence on Tuesday March 12.

“NCC confirmed the payment after checking its account,’’ Ojobo said.

Tokunbo Talabi, a Director at Bitflux, said the company had met its financial obligations to NCC to retain ownership of the spectrum.

It would be recalled that the company emerged the winner of the 2.3 GHz frequency auctioned in February with a N3.63 billion ($23.25 million) bid against Globacom's $23.05 million.

Talabi said that the firm would also carry out its responsibility to provide efficient and good services to subscribers in line with the National Broadband Plan.

-          NAN

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