Mafab to give up its 5G spectrum as Nigeria starts a bigger clean-up

Mafab Communications is seeking to transfer its key spectrum holdings to MTN Nigeria in a transaction that could end its run as one of Nigeria’s 5G operators and signal a wider reshuffling of the country’s scarce telecom spectrum. The proposed transaction covers Mafab’s 2×20 MHz holding in the 2.1 GHz band and its 100 MHz block in the 3.5 GHz band, according to people familiar with the matter. The transaction is still undergoing regulatory approval, one person said.