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MTN GROUP LIMITED - Renewal of Digital Mobile License and 900MHz and 1800MHz operating frequency in Nigeria

Release Date: 03/11/2015 08:53
Code(s): MTN     PDF:  
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Renewal of Digital Mobile License and 900MHz and 1800MHz operating frequency in Nigeria

MTN Group Limited

(Incorporated in the Republic of South Africa)

Registration number: 1994/009584/06

ISIN: ZAE000042164

Share code: MTN

(“MTN” or the “Company ”)


RENEWAL OF DIGITAL MOBILE LICENSE AND 900MHz AND 1800MHz
OPERATING FREQUENCY IN NIGERIA

The Nigerian Communications Commission (NCC) has approved the renewal, and
consequent extension of the tenure of MTN’s operating spectrum in the 900MHz and
1800MHz frequency bands. With this renewal and extension, MTN’s operating spectrum
which was issued along with the Digital Mobile License (DML) in 2001 (with an original
expiry date of February 2016), has now been extended to 31 August 2021.

The license extension notification was contained in a letter dated 2 November 2015.

The sum of US$94,225,152.75 (ninety four million, two hundred and twenty five thousand,
one hundred and fifty two dollars, seventy five cents) is payable as a spectrum fee for the 5-
year extension period by no later than 31 December 2015 and conditional upon MTN
fulfilling all its regulatory obligations.

In February 2001, the NCC issued DML’s to three mobile operators. The licenses were
bundled with spectrum in the 900MHz and 1800MHz frequency bands. Amongst other
authorisations, MTN also holds a Unified Access License and a 3G Spectrum License through
which it provides a full bouquet of digital services to its customers throughout Nigeria.



Fairland

3 November 2015



Sponsor

Deutsche Securities (SA) Propriety Limited

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