NCC has shown that despite the fine it has imposed on MTN and its board of directors, there is no bad blood as it. Is just business (in Big Sean’s voice: “there are no mistakes in life, it’s only lessons”). This came as a result of NCC extending MTN’s contract license to operate in the country which would make sure that the telecoms giant continues to operate within the frequency bands of 900MHz and 1800MHz.
The license which MTN has used up until now was issued in the year 2001 and spanned to last till 2016. This renewal has further added another 5 years to MTN’s right to operate in Nigeria, poised to expire in the year 2021.
“The sum of US$94 225 152.75 is payable as a spectrum fee for the five-year extension period by no later than 31 December 2015 and conditional upon MTN fulfilling all its regulatory obligations,” MTN has said in a market update. “In February 2001, the NCC issued DML’s to three mobile operators. The licenses were bundled with spectrum in the 900MHz and 1800MHz frequency bands. Amongst other
authorizations, MTN also holds a Unified Access License and a 3G Spectrum License through which it provides a full bouquet of digital services to its customers throughout Nigeria,” added the largest telecoms provider in the country.
This doesn’t mean NCC still wouldn’t follow up with MTN on its fine.