NCC Pegs 5G Reserve Price at N75bn as Stakeholders Applaud Process

The Nigerian Communications Commission (NCC) has fixed the sum of N75 billion as the reserve price for existing and potential network operators seeking entry into the emerging 5G business in Nigeria.
At the stakeholders’ engagement forum on the spectrum in Lagos, Professor Umar Danbatta, Executive Vice-Chairman/CEO of NCC said the coming deployment of the 5G network will complement the nation’s march towards digital economy.
Meanwhile, various stakeholders in the telecom have applauded the NCC for the transparent process.
Engineer Gbenga Adebayo of ALTON said the Association has already keyed into the vision of the NCC in terms of the deployment. He also appealed to the Commission to show concern on the issue of cost to subscribers.
Adebayo assured the public that the 5G network is safe as the science behind it does not pose any kind of danger to members of the public.
In the same vein, Mrs. Abimbola Alale of NigComSat commended the Commission for providing an enabling environment for the telecom sector to thrive in Nigeria.
She added that the transparency of the regulatory policies of the NCC has attracted billions of dollars in terms of Foreign Direct Investment (FDI) into the country as well created millions of direct and indirect jobs.
The NigComSat chief executive said her organisation is firmly in support of 5G deployment in Nigeria.