Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

December 26, 2024
Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

Following approval by the Nigerian Communications Commission (NCC), MTN Nigeria Communications PLC (MTN Nigeria) has renewed its spectrum lease agreement with Natcom Development and Investment Limited (NTEL).

This extension builds on a partnership that started in 2023 when NCC authorised a spectrum lease between MTN Nigeria and NTEL. The initial deal gave MTN Nigeria the ability to lease two crucial spectrums, a 5 MHz FDD and a 10 MHz FDD, enhancing connectivity in 19 Nigerian states.

Join our WhatsApp Channel

MTN Nigeria hopes to increase network capacity and coverage while also significantly improving the customer experience for both 3G and 4G services by utilising these spectrums.

According to a statement by the company, a two-year extension for leasing NTEL’s 5 MHz FDD in the 900 MHz band and 10 MHz FDD in the 1800 MHz band is part of the revised deal, which goes into effect on May 1, 2025, and keeps coverage in the same 19 states.

READ ALSO: Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

With effect from January 1, 2025, the NCC has also authorised a one-year lease extension for certain spectrums in the remaining 17 states.

Commenting on the spectrum lease agreement, CEO of MTN Nigeria, Karl Toriola, said he was happy that the spectrum lease deal with Natcom Development and Investment Limited (NTEL) has been successfully renewed.

Toriola highlighted the benefits of the agreement on improving service quality, adding that it will enhance its 3G and 4G user experience by providing them with faster and more reliable service.

“This positions us to capitalize on the growing demand for data and improve the delivery of services to our customers,” the statement added.

 

 

 

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Christmas: Why Nigerians Still Shop Big Despite Economic Hardships
Previous Story

Christmas: Why Nigerians Still Shop Big Despite Economic Hardships

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement
Next Story

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Featured Stories

Latest from Business News

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Dangote Says Lamu Refinery will Withstand Legal Challenge

Written by Amanze Chinonye Nigerian billionaire Aliko Dangote said on Tuesday that a legal challenge over land earmarked for his proposed oil refinery in Kenya would not derail the project, describing such disputes as a normal part of doing business in Africa, Prime

South Africa Q2 FDI surges 145% Despite Economic Contraction

Written by Amanze Chinonye South Africa’s foreign direct investment (FDI) inflows surged 145% in the second quarter, providing a stronger source of external capital even as the economy contracted during the period, central bank data showed on Tuesday. Join our WhatsApp Channel FDI
Christmas: Why Nigerians Still Shop Big Despite Economic Hardships
Previous Story

Christmas: Why Nigerians Still Shop Big Despite Economic Hardships

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement
Next Story

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Don't Miss

COVID 19 Delta Variant Now In 104 Countries WHO Warns1

COVID-19 Delta Variant Now In 104 Countries, WHO Warns

The World Health Organisation (WHO) has warned that the COVID-19

PETROAN Urges Tinubu To Order Privatisation Of Port Harcourt Refinery

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN)