The Nigerian Communication Commission (NCC) has temporarily suspended issuance of three communication licenses.
They are namely : Interconnect Exchange License; Mobile Virtual Network Operator License and Value Added Service (VAS) Aggregator License will seize operation over market competition.
The commission made the announcement in a post on its X handle on Friday with the caption: “Temporary Suspension Of The Issuance Of Communications Licences In Three Categories” and was signed by the Director, Public Affairs Department, NCC, Reuben Muoka.
According to the announcement he said the suspension is within its powers under the Nigerian Communications Act (NCA) 2003.
The statement reads;
“In line with its powers under the Nigerian Communications Act 2003 to grant and renew licenses, promote fair competition and develop the Communications Industry, Nigerian Communications Commission at this moment informs all stakeholders of a temporary suspension on issuance of new licenses in the following categories.
“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 the 17th of May, 2024, new applications for the licenses above will not be accepted”.
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