The Nigerian Communications Commission (NCC) on Monday announced that only Airtel Networks Limited and Standard Network & Connections Limited have expressed interest in the auction of the 3.5GHz Spectrum band.

In a statement, the Commission said, “only Airtel paid the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM) whereas, Standard Network sent an email appeal for the deadline to be extended by twelve (12) working days which was not acceptable in view of the auction timetable”.

“Having met all the provisions in the IM, Airtel has, therefore, emerged as the sole Bidder.”

“Consequently, there shall be no further bidding and the Commission will proceed to the Assignment Stage in line with the published Information Memorandum guiding the licensing process.” The statement read.