The asking price for a slot of 5G spectrum will start from N75 billion and will likely go to N100 billion after the auction process, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta said at a public hearing of the Senate today.
“It is very important to stress this, a reserve price for a slot of the 5G spectrum is going to be N75billion, but after an auction by the Committee, it can go as high as N100 billion,” he told the Senate Committee on Communications.
According to Prof. Danbatta, the 5G auction committee has virtually concluded their work with the 5G deployment plan submitted to the federal government, adding that the telecom regulatory body is only waiting for the government to give an order to proceed.
He also assured that with plans and preparations already in place, 5G deployment will start in Nigeria by next year.