Nigeria News

Bitflux Wins 2.3GHz Frequency Spectrum Licence

Bitflux on Wednesday, shocked Nigerians, when it emerged winner of the nation’s 2.3GHz spectrum licence, with a bid offer of $23, 251, 000, beating Globacom, which bided $23, 050, 001in a keenly contested bid exercise that took place in Abuja.
The biding exercise, which was regarded as transparent, was between Globacom and Bitflux. Both operators qualified at the pre-qualification stage, from among 19 operators that initially indicated interest to bid for the spectrum licence.
The bidding started with a mock bid on Tuesday, and ended on Wednesday with the final bid exercise that was witnessed by government officials, industry stakeholders and journalists.

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