The Nigerian Communications Commission has renewed MTN Nigeria’s Unified Access Service (UAS) licence and spectrum licence for wireless local loop in the 900 MHz and 1 800 MHz band, subject to licensing conditions, including additional amounts under discussion.
This means the licences, which expired on August 31, have now been renewed for a further ten years, effective September 1.
In a statement to shareholders on September 8, MTN Nigeria said that the commission also acknowledged receiving N71.6-billion for the spectrum licence and N374.6-million for the UAS licence in settlement of their invoices for the ten-year period until August 31, 2031.
“Renewing our licences for another ten years is very important to our business and enables us to continue to provide services to ensure the benefits of a modern connected life for our people,” said MTN Nigeria CEO Karl Toriola.