MTN Nigeria is in advanced stages of renewing its operating and spectrum licence in Nigeria for another 10 years. The telco confirms that the Nigerian Communications Commission (NCC) has approved the renewal of the 900MHz and 1.8GHz bands due to expire in August 2021.
The spectrum is proof for MTN’s data network and telecommunications coverage in Nigeria, arguably Africa’s biggest economy. MTN Nigeria says 37.2 million subscribers, or 48.7% of its Nigerian subscriber base, have submitted national identification numbers as part of a government requirement to tighten Sim registration.
It is not only MTN Nigeria whose licence required renewal.
In June last year, MTN Uganda also successfully negotiated for the renewal of its operator license. The company agreed to make the payment of the renewal fees amounting to $100 million. The fulfillment of this meant that MTN gets a National Telecom Operator License.
For this, it will be required to guarantee 100 percent geographical coverage of the country with a minimum of 4mphs internet speeds in rural areas and 8Mphs in urban areas.
Details from a trusted source revealed that the company was planning to list on USE though not entirely. It is alleged that MTN Mobile Money is going to be set aside as a separate company, an entity independent of MTN Uganda. We are still ascertaining these details.