Wire · technology
MTN Moves to Acquire Mafab's $273.6m 5G Spectrum as Discussions Intensify
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 18 September 2026 · Fusion42 review
MTN Nigeria is in advanced discussions to acquire Mafab Communications Limited's $273.6 million 5G spectrum assets, which have remained largely unused since the 2021 auction. The deal awaits regulatory approval and would significantly enhance MTN's 5G network capacity amid growing mobile data demand in Nigeria.
This Wire brief sits within Fusion42's coverage of Telecom & Connectivity, and 3 sources have reported it.
◆ ◆ The Wire takeaway
You should act on network capacity needs as MTN is consolidating 5G assets from smaller players. Mafab’s spectrum sale clears the way for faster 5G expansion and leaves a gap for niche infrastructure providers excluded from the auction.
◆ Coverage
3 sources · 18 Sep 2026
◆ Related on Wire
◆ Topics