MTN Ghana has indicated that it is seeking to purchase the remaining 4G spectrum on offer by the National Communications Authority (NCA).
The company said the move should improve its quality of service delivery and expand its network operations.
MTN was initially excluded from purchasing any of the three (2 x 5) megahertz spectrums that the NCA sold last year.
One of the spectrums was purchased at a cost of US$30 million.
But the CEO of MTN, Selorm Adadevoh explains that although the NCA is yet to officially invite other interested companies to purchase the remaining spectrum, it is open to securing it when the offer is eventually made.
He spoke at the company’s maiden Annual General Meeting on Tuesday, May 14, 2019.
Responding to a question posed by Citi Business News on how much the company may be willing to pick up the spectrum, the MTN CEO however advocated fair pricing from the regulator.
“We can’t really comment on what price that we are willing to pay. All we can say is that we need fair pricing when it comes to spectrum…until an offer comes out, we will not be able to pre-determine what we may be willing to pay for,” he said.
Mr. Adadevoh added, “In all of these things there has to be a valuation that will be done on what spectrum and band-with on offer based on that then we can determine how much we as a company will be willing to pay for.”
Source: CitiBusiness News
