MTN Nigeria Communications Plc has announced that the Nigerian Communications Commission, NCC, has approved the renewal of its first 800MHz spectrum band license (Channel 1) for an additional 10 years.
According to a corporate notice filed on the Nigeria Exchange Limited on Tuesday, DECENCY GLOBAL NEWS gathered that the renewal will be effective from January 1 and will run until 31 December 2034.
In addition, the NCC has approved the extension of MTN Nigeria’s second 800MHz spectrum band license (Channel 2), which was set to expire on 31 December 2030.
The extension adds four years to its tenure, aligning its expiration date with Channel 1 on December 31, 2034.
“MTN Nigeria Communications PLC (MTN Nigeria or the ‘Company’) hereby notifies Nigerian Exchange Limited and the investing public that the Nigerian Communications Commission (NCC) has approved the renewal of its first 800MHz Spectrum band licence (Channel 1) for an additional ten years, effective from 1 January 2025 to 31 December 2034,” the statement partly read.
The harmonisation of the spectrum licenses is aimed at streamlining the renewal process in the future.
Commenting on the development, MTN Nigeria Chief Executive Officer, Karl Toriola, said, “We are pleased with the successful renewal and harmonisation of our 800 MHz spectrum licenses, which lay a solid foundation for the ongoing delivery of 4G services to our customers. This enables us to continue to meet the demand for data and is integral to our broader strategy for enhancing connectivity.”
