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Here’s How Much MTN Spent During the ICASA Spectrum Auction Here’s How Much MTN Spent During the ICASA Spectrum Auction
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Here’s How Much MTN Spent During the ICASA Spectrum Auction

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MTN announced on Thursday that it had secured the high-demand spectrum required for its 4G and 5G network expansion drive from the highly anticipated ICASA spectrum auction. ICASA announced that MTN had successfully secured the following spectrum bands: 2 x 10 MHz in 800 MHz – R2,933 billion ($195.7-million) 40 MHz of 2600 MHz – R1,093 billion ($73-million) 40 MHz of 3500 MHz – R1,127 billion ($75.2-million) The Group spent a total of $347-million on securing the spectrum it requires. “This is a significant milestone, not only for MTN and the telecommunication industry at large but also for South Africa’s digital future. Spectrum is the lifeblood of our industry and is key to reliable and extensive connectivity for our customers across the country,” said MTN SA’s CEO, Charles Molapisi. “Ou...