The operational license of MTN Nigeria has been renewed by the telecoms regulator, Nigerian Communications Commission (NCC) after the company paid N71.97 billion to remain in business.
The y’ello network’s Unified Access Service (UAS) licence and spectrum licence for wireless local loop in the 900MHz and 1800MHz band, had expired on August 31, 2021.
MTN paid N71.6 billion for the spectrum licence, and N374.6 million for the UAS licence, to renew for another ten years, starting September 1, 2021.
In a statement issued to the investing public, the CEO of MTN Nigeria, Karl Toriola, said MTN Nigeria plans to work closely with Isa Pantami and the Ministry of Communications and Digital Economy, to speed up the growth of Nigeria’s digital economy.
