The National Communications Authority (NCA) of Ghana has awarded spectrum licences to Scancom PLC, trading as MTN Ghana, for the provision of 5G and mobile broadband services. This development follows an invitation by the NCA for applications for spectrum licences in the 700 MHz, 2.3 GHz, and 3 GHz mid-band frequencies. MTN Ghana has been allocated spectrum in the 700 MHz and 3 GHz bands, which will be used to enhance its network capacity and service quality.
According to the terms of the award, MTN Ghana has been allocated two lots of 20 MHz in the 700 MHz band at a licence fee of US$100.9 million. Additionally, the company has been allocated one lot of 150 MHz in the 3 GHz band at a licence fee of US$101.1 million. The spectrum licences have a duration of fifteen years. MTN Ghana is currently finalising the required formalities and payment obligations associated with the licence acquisition.
The acquisition of the new spectrum licences is expected to drive growth in 5G mobility and home connectivity in Ghana. MTN Ghana plans to deploy the 5G spectrum in addition to its existing spectrum stock to strengthen network capacity and improve customer experience across the country. The company has incorporated the licence payments into its equity free cash flow outlook.
The award of the spectrum licences is a significant milestone in MTN Ghana's strategy to enhance its services and customer experience. The company expressed appreciation for the continued support of its shareholders and other stakeholders as it undertakes the strategic investment. MTN Ghana will keep the market informed of material developments as it advances the rollout of the newly awarded spectrum and high-speed 5G services.
The NCA's award of spectrum licences to MTN Ghana is part of its efforts to promote the development of 5G services in Ghana. The award follows a transparent and competitive process, which was open to all interested parties. The NCA's decision is expected to have a positive impact on the country's telecommunications sector.
MTN Ghana's rollout of 5G services is expected to have a significant impact on the country's economy and society. The company plans to use the new spectrum to provide high-speed internet services to its customers, which will enable them to access a wide range of services, including e-commerce, online education, and healthcare.
The announcement of the spectrum award was made in accordance with the rules and regulations of the Ghana Stock Exchange and the Securities and Exchange Commission. MTN Ghana is committed to providing high-quality services to its customers and to contributing to the development of Ghana's telecommunications sector.
Key points
- MTN Ghana has been awarded spectrum licences in the 700 MHz and 3 GHz bands by the NCA for the provision of 5G and mobile broadband services.
- The spectrum licences have a duration of fifteen years and were awarded at a licence fee of US$100.9 million and US$101.1 million.
- MTN Ghana plans to use the new spectrum to enhance its network capacity, service quality, and customer experience across Ghana.
