Speaking about the development, Aitel CEO OfficialAccording to Ogunsanya saying:
“Nigeria is a market with huge potential for future growth in mobile services. Investing in new technology and local infrastructure to enable this growth is a strategic priority for the group and will ensure that we can provide reliable and affordable services to local communities across the country.,”
Recall that in December 2022, Airtel Africa emerged as the sole bidder for the 5G high-speed spectrum license in the second round of Nigerian license bidding after the competing company: Standard network and limited connections you failed to meet your obligation to make a deposit payment.
Airtel had participated during the first 3.5GHz spectrum auction held in December 2021, but was unable to proceed with the bidding process after reaching a certain bidding threshold.
However, Airtel’s withdrawal from the first tender that took place in 2021 had reserved an opportunity for MTN Nigeria Y Mafab Communications as both companies later won the bid for the first 5G license from the Nigerian Communications Commission (NCC) after each of the companies paid $273.6 million.