Airtel only bidder in Nigeria's second 5G licensing round - Reuters

ABUJA, Dec 7 (Reuters) - Airtel Africa (AAF.L) emerged arsenic the sole bidder for a 5G high-speed spectrum licence successful Nigeria's 2nd circular of licensing aft different institution failed to wage a deposit to proceed with the auction, the regulator said connected Wednesday.

The Nigerian Communications Commission (NCC) issued the country's archetypal 5G licences to MTN Nigeria (MTNN.LG) and Mafab Communications past twelvemonth successful December aft the companies each paid $273.6 million.

NCC said Standard Network & Connections Limited failed to wage the required "intention to bid deposit," leaving Airtel the lone bidder.

The regulator has acceptable a reserve terms of $273.6 cardinal for the caller 5G spectrum licence with a tenure of 10 years.

Reporting by Felix Onuah, penning by MacDonald Dzirutwe Editing by Keith Weir

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