The Nigerian Communications Commission (NCC) on Friday announced a temporary suspension on issuance of new licenses on three different categories.
The categories include Interconnect Exchange License, Mobile Virtual Network License, and Value-Added Service Aggregator License.
The NCC said in a public notice signed by Reuben Muoka, Director, Public Affairs of the Commission that the temporary suspension is to enable the Commission conduct a thorough review of several key areas within the these 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,” Muoka noted in the statement.
The Commission stated that during the suspension period commencing on 17th of May, 2024, new application 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,” Muoka further stated.
The NCC said it acted in accordance with the provisions of the Nigerian Communications Act (NCA) 2003 which empowers it to grant and renew licenses, promote fair competition and develop the Communications Industry.