The Nigerian Communications Commission, NCC, has set the reserve price for its new 5G spectrums at $273.60m.

This is as it revealed plans to issue two more 5G licences after announcing the auction for its remaining spectrum band on Friday.

According to the NCC, it is offering the remaining lots of 2 100MHz in the 3.5GHz spectrum band to support 5G deployment in the nation. It disclosed this in its ‘Information Memorandum on 3.5 GHz Spectrum Auction’ on Saturday.

Since the NCC awarded its 5G spectrum, MTN has launched a 5G network in selected locations while Mafab is yet to establish.