MTN Nigeria Negotiates Acquisition of Mafab's 5G Spectrum

MTN Nigeria is currently in advanced discussions to acquire 5G spectrum assets from Mafab Communications Limited, a deal that requires approval from the Nigerian Communications Commission (NCC) to proceed. The negotiations are nearing finalization and involve Mafab's 2×20 MHz allocation in the 2.1 GHz band and a 100 MHz block in the 3.5 GHz band, which is essential for high-capacity 5G services.

Mafab, incorporated in July 2020 and controlled by Musbahu Muhammad Bashir through the Althani Group, was a surprising participant in the NCC's 3.5 GHz spectrum auction in December 2021. The NCC had previously granted Mafab additional time to meet rollout obligations due to delays in securing necessary licenses.

For MTN, which launched its 5G network in September 2022, this acquisition could enhance its spectrum capacity amid rising mobile data demand. However, the deal raises concerns regarding market competition, as it consolidates frequencies with an operator already holding a significant market share.