The Nigerian Communications Commission (NCC) has renewed the license of MTN for a period of ten years.
The telecom company said this in a statement on Wednesday.
MTN said the NCC has renewed its Unified Access Service (UAS) licence and spectrum licence for wireless local loop in the 900 MHz and 1 800 MHz band.
MTN’s operation licences had expired on 31 August, but it said the licence renewal took effect from September 1.
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MTN paid N71.6bn for the spectrum licence and N374.6m for the UAS licence, the telecoms firm announced.
The amount is in settlement of their invoices for a ten years period beginning 1st of September 2021 to 31 August, 2031.
MTN Nigeria CEO Karl Toriola said ,”Renewing our licences for another ten years is very important to our business and enables us to continue to provide services to ensure the benefits of a modern connected life for our people.”
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