MTN Nigeria Communications Plc has announced that the Nigerian Communications Commission has approved the renewal of its 800MHz spectrum band license (Channel 1) for another 10 years.
The renewal, effective from January 1, will extend until December 31, 2034, according to a corporate notice filed on the Nigeria Exchange Limited on Tuesday.
Additionally, the NCC has approved the extension of MTN Nigeria’s second 800MHz spectrum band license (Channel 2), which was originally set to expire on December 31, 2030. The extension adds four years, aligning its expiration date with Channel 1 on December 31, 2034.
“MTN Nigeria Communications PLC (MTN Nigeria or the ‘Company’) hereby notifies Nigerian Exchange Limited and the investing public that the Nigerian Communications Commission (NCC) has approved the renewal of its first 800MHz Spectrum band licence (Channel 1) for an additional ten years, effective from 1 January 2025 to 31 December 2034,” the statement partly read.
The harmonization of the spectrum licenses is intended to streamline the renewal process in the future.
Commenting on the development, MTN Nigeria Chief Executive Officer, Karl Toriola, said, “We are pleased with the successful renewal and harmonisation of our 800 MHz spectrum licenses, which lay a solid foundation for the ongoing delivery of 4G services to our customers. This enables us to continue to meet the demand for data and is integral to our broader strategy for enhancing connectivity.”
