Mozambique to raise $83.4 million for the sales of frequency spectrums
Tuesday, 04 December 2018 16:01
Mozambique’s communication institute (INACOM) reveals that the government will gain $83.4 million from the sale of frequency spectrums to telecom operators.
In a release published on November 30, 2018, the regulator indicated that three types of bands, 800 MHz, 1800MHz and 2.6 GHz, notably were auctioned during the month.
Five lots of 2x5 MHz were for sale in the 800 MHz range, six 2x5 MHz for the 1800 MHz range and nine 2x5 MHz lots for the 2.6 GHz range. INACOM indicates that only the 2.6 GHz lots were required by Vodacom Mozambique (VM), Movitel and Mcel (Mozambique Celular) while the other spectrums were left out.
The regulator also informs that payment for the acquired spectrums will be made in three tranches. The first tranche representing 34% of the amount proposed for the lot was made in November 2018. The second and third tranches representing 33% of the lot’s value each would be made in 2019 and 2020 respectively.
Live News
-
Ethiopia Eyes $10.8B Digital Windfall by 2028
20:09
-
Senegal: Rice Imports Hit $564.7 Million in 2024, Up 4.3% YoY
19:58
-
Togo Deepens Ties with Russia and U.S. in Strategic Diplomatic Shift
19:35
-
BGFIBank Postpones IPO on CEMAC Exchange Amid Shareholder Dispute
18:51
-
Mohamed Salah Tourab Streamlines Algerian Commerce With All-in-One App
12:06
-
Douala Port’s New Terminal to Generate Billions in State Revenue
11:53
-
At Lomé Meeting, Senegal and Togo Discuss Security and Youth Exchanges
11:40
-
Tik Tak Microloans Reached 340,000 Borrowers Last Year, Orange Reports
11:04
-
Douala Launches Consultations to Advance Bus Rapid Transit Project
10:46
-
Wawa 1 Launches Its Five-Year Communal Development Plan
16:46
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...
Foreign rice fills the gap as local harvest falls by 10.7%, says the national statistics agency. Highlights ● Senegal imported 1.38 million tonnes of...
Facing rising jihadist threats and trade uncertainties, the country diversifies its global alliances through new security and economic...
Legal appeals and calls for stability following leadership shake-up delay the Group’s listing on the Central African stock exchange. Highlights ●...
The move aims to help stabilize the economy and allow the country to reclaim control over its production strategy. Highlights: ● Angola launched...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...