5G License Auction: MTN And Mafab Communications Outbid Airtel To Win Slots For $273m

The 5G license bid price has risen to $231,146,643.96 million in round 7.

The three bidders, MTN, Airtel and MAFAB are still hanging on and none ready to step down.

The commission, has however reduced the bid time to 10 minutes per round.

Current price now $240.39m per slot in the 8th round of bidding. All three bidders actively participating.

Current price per slot at $251.2 million in ninth round, with all three bidders still in the race.

MTN Nigeria and Mafab Communications Limited have been awarded the slots for the 5G spectrum in the auction by the Nigerian Communications Commission.
Photo Credit: Getty