
L-R: Uto Ukpanah, Company Secretary, MTN Nigeria; Ralph Mupita, MTN Group CEO & President; Temi Popoola, Chief Executive Officer, Nigerian Exchange Ltd; Dr Ernest Ndukwe (OFR), Chairman, MTN Nigeria; Kamarudeen Oladosu, Director, Nigerian Exchange Ltd; Karl Toriola, Chief Executive Officer, MTN Nigeria and Modupe Kadri, Chief Financial Officer, MTN Nigeria at the NGX Closing Gong Ceremony, which held at NGX Building, Lagos on January 31, 2023.
…MTN Nigeria notifies NGX
Leading telecom company, MTN Nigeria Communications PLC (MTN Nigeria) has notified the Nigerian Exchange Limited (NGX) 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.
In a terse statement signed by MTN Nigeria’s Company Secretary, Uto Ukpanah and made available to Business Hilights, the telecom averred that “The NCC has also approved the extension of the second 800MHz spectrum band licence (Channel 2), which expires on 31 December 2030, for an additional four years, with a new end date of 31 December 2034. The extension aims to harmonise the tenure of the Company’s 800MHz spectrum licences so that they jointly expire on 31 December 2034 for ease of subsequent renewals.”
Responding on the new development, MTN Nigeria CEO Karl Toriola said “We are pleased with the successful renewal and harmonisation of our 800MHz spectrum licences, 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.”