africa development Economy Tech telecom

Mozambique earns US$83.4M from frequency auction

Approximate reading time: 1 minute

The state of Mozambique has earned USD 83.4 million from the auction spectrum rights in the 800 MHz, 1800 MHz and 2.6 GHz frequency bands.

Three local operators Vodacom Mocambique (VM), Movitel and Mcel (Mocambique Celular) took part in the auction. In the end only the 800 MHz band was awarded as there were no bids for the other frequencies.

The payment of the lots will be in a phased manner, and the payment of the first installment, corresponding to 34 percent of the value, should occur at the act of assigning frequencies. The rest of the payments will occur in 2019 and 2020.

Source: Telecom Paper

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.