Technology firm, MTN Nigeria Communications Plc has announced the approval of its purchase of 2.6GHz spectrum by the Nigerian Communications Commission (NCC).

MTN in a statement, signed by the Company Secretary, Uto Ukpanah and made available on the Nigerian Stock Exchange, yesterday, disclosed that the license of the 2.6GHz spectrum is for 10 years which would run from September 7, 2023 till April 16, 2033 when it can be renewed.

The telecommunications firm, which explained that NCC approved the transfer and assignment of the 10MHz frequency division duplex (FDD) in the 2.6GHz spectrum band from OpenSkys Services limited to it, said the spectrum would enable the telecom giant to “enhance network capacity and improve customer experience.

Commenting on the acquisition, MTN Nigeria, Chief Executive Officer, Karl Toriola, said: “The acquisition of the additional 10MHz FDD in the 2.6GHz spectrum band is an important milestone in the execution of our Ambition 2025 strategy. This spectrum will enable MTN Nigeria to roll out our network capacity more efficiently and enhance our sustainable priorities.

“Not only will it help to support the growing demand for data in the country, but will improve the overall Internet experience in line with our commitment to delivering quality service to our customers. Importantly, this also aligns with our ongoing support of the Federal Government’s plan to deepen broadband penetration in Nigeria.”