dgitrader:
Who's behind mafab?

Good question. There sure is a powerful person behind them.

That’s some huge amount of money!!! But you see this network matter so, Nigeria never ready at all !!

Someone should explain all these

MTN just got approval to milk us dry next year. With 5G na 24hrs 5gig data go last

fergie0o1:

Mafab came first
Mtn second

Both @ $273m each

Ok mafab will now sell them slot to other operators

mach7:
Good question. There sure is a powerful person behind them.

Dr. Musbahu Muhammad Bashir

Brendaniel:
I'm not concerned on who wins, my concern is what NCC will do with the 273 million dollars(N111,984,600,000.00), ONE HUNDRED AND ELEVEN BILLION NAIRA, some people will start doing night vigil on how to steal it without trace....

Lol. You think building 5g infrastructure is free and cheap? The money they make today is not even enough to build a standard one for half of the country.

Nsibash:
MTN just got approval to milk us dry next year. With 5G na 24hrs 5gig data go last

No be by force to use 5G na. Some people still use edge and 3G.

Why do I feel like there's something fishy about these MAFAB guys.

Anyway when breeze blow, fawol nyansh go open

Thinktwicemybro:
MTN na your mate? Naira land is a peaceful place without the vulturebbqgriller who always spew trash.

Many of you are obsessed with the guy, mentioning him up and down

Hope Mafab wins. F*** MTN.

dawnomike:
Why 273m dollars when the bid got as high as 250m dollars...?
Now, I see what MTN wanted to use the proceeds from the sales of shares for.

So you are just knowing?

babyfaceafrica:
No be by force to use 5G na. Some people still use edge and 3G.

Abi o

Nsibash:
MTN just got approval to milk us dry next year. With 5G na 24hrs 5gig data go last

If you bought the recent shares you paid for this license

Wapgod:

Dr. Musbahu Muhammad Bashir

So the Jaiz complex bought one liscense without even raising money

Omicron007:
Where is Glo?


After spending millions on stupid and rubbish advertisement with zero content, allowing all these low budget celebrities to milk them.
Instead, they'd turn to me and suck my data, imagine using 214mb just to watch Sara Jay or Veronica Avluv in a six minutes action!

Lol, change the video quality from 1020p or 720p to 360p

wiseone28:
Does it mean only MTN will operate 5G in Nigeria for now?

I am not sureb but what I think is that other internet service providers will have to go through both of them.

fergie0o1:

The NCC needed only two official bidders.




Airtel dropped at the 11th round

Mafab is a newcomer tech firm.

Mafab Communication and MTN came first and Second at today's 5G two slots auction.

This is clearly looted money

dawnomike:
Why 273m dollars when the bid got as high as 250m dollars...?
Now, I see what MTN wanted to use the proceeds from the sales of shares for.

You must be correct, welcome to the 5G era.

TroubleMaker47:

Lol, change the video quality from 1020p or 720p to 360p

Comrade

dawnomike:
Why 273m dollars when the bid got as high as 250m dollars...?
Now, I see what MTN wanted to use the proceeds from the sales of shares for.

MTN Nigeria cannot use the money for company’s transactions.

It is an offer for sale, not new share issue which means the shares are being sold by an existing shareholders (though a major one) and the proceeds will go to the seller, not the company.

If MTN Nigeria needs money, it has to either borrow or issue new shares to be sold, not the one it has sold in the past which the then buyers are now cashing out by selling.

li2pac1717:


Lol. You think building 5g infrastructure is free and cheap? The money they make today is not even enough to build a standard one for half of the country.

I know it's not cheap, it's the Nigerian government I'm concerned about, the profit they will make from the networks which is supposed to benefit the citizens that will be misappropriated...

FarahAideed:


This is clearly looted money

Go & loot the money, & see if you will not end up in prison, you think 5G communication money is chop & clean mouth funds?

Omicron007:
Where is Glo?


After spending millions on stupid and rubbish advertisement with zero content, allowing all these low budget celebrities to milk them.
Instead, they'd turn to me and suck my data, imagine using 214mb just to watch Sara Jay or Veronica Avluv in a six minutes action!

Glo just like Tecno...

Na so so advert with scarp

Who owns Mafab? Hope it's not like all these broke companies that bought the various DISCOs but can not invest money in them again?

Tried checking their website, not connecting(bandwidth limit exceeded)
https://mfbcommunications.ng/

li2pac1717:


Lol. You think building 5g infrastructure is free and cheap? The money they make today is not even enough to build a standard one for half of the country.

The money raised today ($273m x2) is licence fees and goes to government pocket 100%.

The winners are now going to look for another funds to build and roll out the 5g infrastructure. It doesn’t concern government.

rexwalters:
Go & loot the money, & see if you will not end up in prison, you think 5G communication money is chop & clean mouth funds?

MAFAB belongs to the JAIZ Islamic complex ..even Almighty MTN had to sell emergency shares to go for this bid but MAFAB without any history anywhere except funding you know what had the money ...we know this is part of the subsidy money

Co grats to them

Lets wait and see.
Winning is one stage paying is yet another phase. we will see the face behind Mafab very soon.

Its just a matter of time...

TroubleMaker47:

Lol, change the video quality from 1020p or 720p to 360p

Na 240p I de watch.

Brendaniel:
I'm not concerned on who wins, my concern is what NCC will do with the 273 million dollars(N111,984,600,000.00), ONE HUNDRED AND ELEVEN BILLION NAIRA, some people will start doing night vigil on how to steal it without trace....

Na to give Boko Haram them own shares for to ammunition, and use the rest for 3023 election

So how did the jihadist Mafab raise such money?