MTN Nigeria renews spectrum lease agreement with NTEL

The Nigerian Communications Commission( NCC) has approved the renewal of the spectrum lease agreement (the agreement) between MTN Nigeria and Natcom Development and Investment Limited (NTEL).

MTN Nigeria had announced in May 2023, that it secured approval from the Nigerian Communications Commission (NCC) for a two-year spectrum lease agreement with NTEL, worth N4.25 billion. 

The agreement covers the lease of NTEL's 5MHz frequency division duplex (FDD) in the 900MHz spectrum band and 10MHz FDD in the 1800MHz spectrum band, which spans 19 states. The renewal is for another two-year period, effective 1 May 2025.

Additionally, the NCC approved a one-year lease expansion of the spectrums, covering the remaining 17 states and the Federal Capital Territory (FCT), effective 1 January 2025.

Duale, Ovia & Alex-Adedipe acted as legal and regulatory advisors to Natcom Development and Investment Limited (Natcom/ntel) in connection with the lease renewal. As appointed legal consultants, the firm provided strategic guidance and regulatory advisory support throughout the project, ensuring compliance with all applicable frameworks and facilitating a seamless approval process.