We started 5G auction that NCC had – Bola Tinubu

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Frontline presidential aspirant under the platform of the All Progressives Congress (APC), Bola Tinubu has said he was part of those who started the 5G auction conducted by the Nigerian Communications Commission (NCC) in December 2021.

TheNewsGuru.com (TNG) reports Tinubu made this claim when he appeared before the screening committee of the APC ahead of the party’s presidential primary election.

The former Lagos State Governor said, “I could remember that I brought Eron to this country. Telecommunications that is a resource in Nigeria today; I brought Econet.

Econet is now Airtel. As Airtel to sleep on the 5G now, the auction that they had, we started it,” Tinubu said.

Recall that the NCC carried out a 5G spectrum auction in an history making event in December 2021 for the roll out of 5G network in Nigeria.

In that auction, TNG reports Mafab Communications, linked to Tinubu and MTN Nigeria emerged as the winners of the 5G spectrum auction.

Mafab is a corporate entity duly licensed by the NCC to conduct telecommunications business. The company holds international data access (IDA), inter-connect data exchange (IDE) and Value-Added Service (VAS) licences.

TNG reports the two 3.5GHz spectra of the 5G network licences went for $547.2 million.Mafab paid $273,600,000 for the 5G spectrum licence on deadline day set by telecom regulatory agency.

Source TheNewsGuru.com (TNG)