Nigeria: 2.3GHz - Bitflux Pays NCC U.S.$23.25 Million After Deadline

12 March 2014

Bitflux Communications, the preferred winner of the 30MHz slot in the recently concluded 2.3GHz spectrum auction conducted by the Nigerian Communications Commission (NCC) on February 19, 2014 at Transcorp Hilton, Abuja has yesterday, paid the sum of $23.251 million, 24 hours after the expiration of the 14 working days approved by the federal government.

Director of public affairs, NCC, Mr Tony Ojobo, yesterday evening through his Twitter handle said "Bitflux Communications Ltd has paid the sum of $ 23,251,000.00 being the winning bid at the 2.3Ghz frequency auction of 19 / 2 / 14." Bitflux Communications was supposed to have made the payment before the close of banking transaction on Monday.

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