afab Communications has finally paid for the 5G licence it won in a bid held by the Nigerian Communications Commission in December 2021.
TheNewsGuru.com (TNG) reports a source at Mafab, who asked not to be named, confirmed this on Friday.
This is coming after the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of NCC, Umar Danbatta had expressed anxiety over the delay in payment by Mafab.
“We saw your report yesterday [Wednesday]. We have paid for the 5G licence. We beat the deadline. We are now looking ahead,” the source told TNG.
Recall that the Federal Government had in December 2021 announced successful bidders for two 3.5GHz spectra of the 5G network licences for $547.2 million.
MTN Nigeria and Mafab Communications won the bidding and were given up till Thursday, 24th February 2022 to pay $273,600,000 each.