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Nigeria Temporarily Suspends Issuance Of Interconnect Exchange License, Two Other Communications Licenses

Nigeria Temporarily Suspends Issuance Of Interconnect Exchange License, Two Other Communications Licenses
May 17, 2024

Muoka stated that the suspension became necessary to enable the Commission to conduct a thorough review of several key areas within the categories, including the current level of competition, market saturation and current market dynamics.

President Bola Tinubu’s administration has announced the temporary suspension of the issuance of communications licenses in three categories including Interconnect Exchange License; Mobile Virtual Network Operator License and Value Added Service Aggregator License.

 

This is contained in a statement issued on Friday by the Director of the Public Affairs Department of the Nigerian Communications Commission (NCC), Reuben Muoka.

 

Muoka stated that the suspension became necessary to enable the Commission to conduct a thorough review of several key areas within the categories, including the current level of competition, market saturation and current market dynamics.

 

The statement read, “In line with its powers under the Nigerian Communications Act (NCA) 2003 to grant and renew licenses, promote fair competition and develop the communications industry, the Nigerian Communications Commission (The Commissions) hereby informs all stakeholders of a temporary suspension on issuance of new licenses in the following categories:

 

“Interconnect Exchange License, Mobile Virtual Network Operator License and Value Added Service Aggregator License.

 

“This temporary suspension is necessary to enable the Commission to conduct a thorough review of several key areas within these categories, including the current level of competition, market saturation and current market dynamics.

 

“The public is invited to note that during the suspension period commencing on 17th of May, 2024, new applications for the aforementioned licenses will not be accepted.

 

“This is without prejudice to pending applications before the Commission which will be considered on its merits.”