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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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MTN wins 4G spectrum auction

bycitibusinessnews
December 2, 2015
in Business, News, TECHNOLOGY
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Scancom Limited (MTN) has emerged as the winner in the auction process for one frequency spectrum lot in the 800 MHz Band for mobile services.

[contextly_sidebar id=”F5KNqudlW2BIWsQu9LMVkQL6JOBiYHGQ”]The auction process which begun in May this year was finalized today.

A statement from the National Communications Authority (NCA) on the matter said Scancom has been provisionally awarded one lot of 2 x 10 MHz in the 800 MHz Band, pending their fulfillment of other requirements.

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Scancom together with three other companies Surfline, Goldkey and Migson communications submitted applications for the spectrum.

Citi Business News has gathered none of the three companies – Surfline, Goldkey and Migson communications which are all local companies, were able to cough up the floor price for the spectra which was 67.5million dollars.

Prior to the auction the ICT Chamber had called for the National Communications Authority to only allow Ghanaian companies to auction for the license.

The Chamber had argued that the move, if carried out by the industry regulator, would cause members of the chamber to lose more than the US$200 million they had so far invested in their businesses, out of which nothing had yet been recouped as return on investment (ROI).

Communications Minister, Dr. Omane Boamah, responding to the ICT Chamber’s demands said though ‘government will support Ghanaian companies, it will not go to the extent of cheating Ghanaians’.

He added that “the ICT Chamber must know that cronyism has no place in President Mahama’s administration’.

According to him, ‘the NCA has given all parties  interested in the auction to bid, advising the chamber to participate in the bidding process which demands the auctioneers have a minimum of 35% local content’.

Meanwhile another lot of 2 x 10 MHz in the 800 MHz Band is however still available and the NCA is expected to in due course take a decision on that unallocated block.
–

By:  Vivian Kai Lokko/citifmonline.com/Ghana

.

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