MTN set to deploy 5G services after winning spectrum licenses worth US$202m
This is coming after the telecom giant announced that the NCA has notified the firm of the award of spectrum in the 700 MHz and 3 GHz bands, following its invitation to apply for spectrum licences in the 700 MHz, 2.3 GHz and 3 GHz mid-band frequencies for the provision of 5G and mobile broadband services.
MTN Ghana is poised to launch 5G services following its acquisition of spectrum licenses valued at US$202 million. The telecom company received approval from the National Communications Authority (NCA) for the 700 MHz and 3 GHz bands, which are crucial for 5G and mobile broadband services. The total cost of these bands could be around US$202 million.
In a notice to investors and shareholders, MTN stated that it is currently finalizing the necessary formalities and payment obligations associated with the licence acquisition. MTN has included the license payments in its equity free cash flow outlook. With the issuance of these spectrum licenses, MTN plans to deploy 5G spectrum alongside its existing stock to bolster network capacity, elevate service quality, and improve customer experience in Ghana.
This move is expected to help MTN drive growth in 5G mobility and achieve its goal of providing home connectivity in the country. MTN will keep stakeholders informed of significant developments as it advances the rollout of the newly awarded spectrum and high-speed 5G services to enhance customer experience nationwide. The company expressed its gratitude for the continued support of its shareholders and other stakeholders as it embarks on this strategic investment.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
