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Nigerian Mobile Phone Licences Auction Still Ongoing at $225,000,000 (Posted 18th Jan, 2001) Tell your friends about this page! Email it to them. 

The stage is probably set for an exciting finale to the Nigerian mobile phone Licences auction in the country's capital, Abuja tomorrow, Friday, 19/01/01 as the five bidders competing for the three remaining Licences ended today's bidding process at $225 million (22.5 billion Naira).

Before the commencement of the bidding process, many observers were of the opinion that the winners would probably pay about $150 million for each of the three Licences. The bidding action so far has proved this assertion wrong and definitely means more money than originally anticipated for the Nigerian Government. The success so far of the bidding process has been largely attributed to the Nigerian Communications Commission, NCC for the transparency and careful planning that it has shown.

Only one bidding company, United Networks Mobile Ltd exercised one of its three waivers in the two days of the auction already completed. See tables below for details.

Auction Result for Day Two - Thursday, 18th January, 2001

Bidder Action

Round

Start Time

Finish Time

Announced 
Price

Communications Investment Ltd.

Econet Wireless
Nigeria Ltd.

MSI-Celtel
 Nigeria Ltd.

MTN Nigeria Communications

United Networks 
Mobile Ltd.

1

10:00

10:20

$165,000,000

Yes

Yes

Yes

Yes

Yes

2

11:20

11:40

$178,000,000

Yes

Yes

Yes

Yes

Waive

3

12:50

13:10

$190,000,000

Yes

Yes

Yes

Yes

Yes

4

14:05

14:25

$200,000,000

Yes

Yes

Yes

Yes

Yes

5

15:35

15:55

$212,000,000

Yes

Yes

Yes

Yes

Yes

6

16:55

17:15

$225,000,000

Yes

Yes

Yes

Yes

Yes

   

Number of Waivers Used:

 

    0

    0

    0

    0

    1

Number of Waivers Remaining:

 

    3

    3

    3

    3

   2

 

Auction Result for Day One - Wednesday, 17th January, 2001

Bidder Action 

Round

Start Time

Finish Time

Announced 
Price

Communications Investment Ltd.

Econet Wireless
Nigeria Ltd.

MSI-Celtel
 Nigeria Ltd.

MTN Nigeria Communications

United Networks 
Mobile Ltd.

1

10:00

10:20

$100,000,000

Yes

Yes

Yes

Yes

Yes

2

11:20

11:40

$110,000,000

Yes

Yes

Yes

Yes

Yes

3

12:35

12:55

$121,000,000

Yes

Yes

Yes

Yes

Yes

4

13:55

14:15

$130,000,000

Yes

Yes

Yes

Yes

Yes

5

15:15

15:35

$140,000,000

Yes

Yes

Yes

Yes

Yes

6

16:25

16:45

$150,000,000

Yes

Yes

Yes

Yes

Yes

 

Number of Waivers Used:

 

    0

    0

    0

    0

    0

Number of Waivers Remaining:

 

    3

    3

    3

    3

    3


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