A company like MAFAB with no active network in my opinion should not have participated in this 5G bid. Makes no sense. But Pantami and Co will always do nonsense for selfish and parochial reasons.

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!

Now they are doing a fake GLO extravaganza promo milking gullible subscribers who will recharge and send it back to them by answering continuous trivia questions to win a car that is an illusion

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 dey toilet dey shit.

TinubuGoQuench:
MuhaMAD Buhari is a confirmed criminal

Na today.....

klas:


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.

the offer for sale is from the MTN group's portion of their stake in MTN Nigeria. one way or the other, MTN is getting that money.

You no get money to build websites wey go withstand visits or enquiry .buy mafab get 273 m dollars to bid

Hahaha I come in peace

emae009:
Mafab will now sell its slot to others and make profit...
The others will now transfer that extra cost unto the final consumers.
The final consumers will now curse the FG for the continuous hardship.
The FG will now blame the opposition for things being this way.

we get plenty Billionaires for this country oooo. God abeg bless me with positive ideas to create wealth for the betterment of humanity

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.

emae009:
Mafab will now sell its slot to others and make profit...
The others will now transfer that extra cost unto the final consumers.
The final consumers will now curse the FG for the continuous hardship.
The FG will now blame the opposition for things being this way.

This you have seen

clockwisereport:


They are bidding for 1g

LOL. Make una see company wen wan sell data give Nigerians. I just tried to visit their website and their host tell me say their data don finish I nor fit visit their website. Abeg see the screenshot for more details. You fit try visit their website here https://mfbcommunications.ng/ and check if them don buy data

this is the time to invest in mtn shares ...5g network will change the game in nigeria

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.

Any idea who is behind Mafab? For them to dislodge a whole Bharti Airtel in this auction means they have strong financial backing, for a firm that was just registered last year.

Can you imagine? A company using ordinary 'YAHOO.CO.UK' email address but buoyant enough to bid up to USD273M!

Something is fishy here. I rest my case

FarahAideed:


So the the Jihad complex bought one liscense without even raising money

It is a always a conspiracy when it's North with you!
Like MTN doesn't have Northerners on its board.

Wonder how 5Gis going to work in Nigeria with our high price of mobile data

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.

This is same MTN Nigerians turned against FG for reining them in

One of the conditions was Nigerians own a share and its now almost a reality

They’re about to become truly Nigerian

Na security wise APC mess up the most

dgitrader:
Who's behind mafab?


Another scam offloading

I had to do my own findings too as your question puzzled me too. I realised that the company was just set up for the purpose of winning this bid when the talk of 5G was raising concerns during lock down last year.

Another question, going by the kinds of businesses that the owner run, how was the owner able to raise over a 100 billion naira for the bid?

I had to even do a Google map check on the address of the company. I found that the address is not actively being used by any company.

On the cac portal, you will discover that mafab is a family business... The same phone number was left for all the directors (the husband, daughter and wife I guess) and the same address.

I believe mafab is a front/proxy for some people who don't want their involvement to be known to the public. I mean the parent company is not even an oil company that can raise such a huge sum of money. Some bank owners/directors, politicians may be involved in this deal and I believe the government are in on it. More investigations need to be done.

My concern now is that the company may not be able to efficiently deploy the 3G as I'm afraid they lack the experience and expertise. I think their aim is to get the licence and then sell to other stakeholders at a profit (that's the kind of investment the abovementioned persons get involved in after all). The company's (mafab) website is even down... If they can't keep their website alive, how are they going to manage our 3G well?

Enough said for now.

dgitrader:
Who's behind mafab?


Another scam offloading

I had to do my own findings too as your question puzzled me too. I realised that the company was just set up for the purpose of winning this bid when the talk of 5G was raising concerns during lock down last year.

Another question, going by the kinds of businesses that the owner run, how was the owner able to raise over a 100 billion naira for the bid?

I had to even do a Google map check on the address of the company. I found that the address is not actively being used by any company.

On the cac portal, you will discover that mafab is a family business... The same phone number was left for all the directors (the husband, daughter and wife I guess) and the same address.

I believe mafab is a front/proxy for some people who don't want their involvement to be known to the public. I mean the parent company is not even an oil company that can raise such a huge sum of money. Some bank owners/directors, politicians may be involved in this deal and I believe the government are in on it. More investigations need to be done.

My concern now is that the company may not be able to efficiently deploy the 3G as I'm afraid they lack the experience and expertise. I think their aim is to get the licence and then sell to other stakeholders at a profit (that's the kind of investment the abovementioned persons get involved in after all). The company's (mafab) website is even down... If they can't keep their website alive, how are they going to manage our 3G well?

Enough said for now.

fergie0o1:
Previous threads:

https://www.nairaland.com/6894051/5g-license-auction-mtn-airtel#108468903

https://www.nairaland.com/6878239/5g-spectrum-auction-ncc-okay#108156985











SOURCE

no wonder MTN dey sell shares dem wsh use Nigerians money buy am wayo pple

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.

From where naa? Who is this fellow or his company?
Must be a front for some ogas.
If you know you know.

Geeman2006:


Any idea who is behind Mafab? For them to dislodge a whole Bharti Airtel in this auction means they have strong financial backing, for a firm that was just registered last year.

Looting and fronting; our commonwealth is behind them.

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....

.

I should have bid too but didn’t wake up early today

Alba3:
Looting and fronting; our commonwealth is behind them.

Lol

First and foremost, i think Mafab Comms did their homework well and hitting the home run became a cakewalk (no pun intended).

The question we should ask is who is behind Mafab Comms. Dr Musbahu Bashir. What are his antecedents?. He is not a greenhorn in telecoms business. In fact, he is a very shrewd business guru who is on the board of Jaiz Bank, an Oil export pre-shipment and inspection company amongst other businesses.

Throwing big money behind such a person is not a big deal. The good news is that Mafab Comms will open up a new vista of opportunities in the telecoms ecosystem. One thing i understand about private equity/investment is that before they support any big deal, they take a painstaking look at the CEO's leadership qualities, his integrity threshold, his hunger for success and most importantly his team (if they can deliver). Since it is a wholly Nigerian company ( i think), maybe we should wait and see what they have in store for us all.

PS: To get full insight into how telecoms auction works, i suggest you read Mallam Nasir El-Rufai's Accidental Public Servant where he gave a rich and deep insight into Privatization, Public Private Partnership (PPP), Telecoms Auctions, Infrastructure financing and Contracting etc.
In that book, he also mentioned that his older brother, who is a Telecoms Engineer worked in IT/Telecoms and was/is a big fish in that space.

Which one is MAFAB A COMPANY THAT HAS NO TRACK RECORD WHICH ACCORDING TO SEARCHES online GOT REGISTERED ONLY LAST YESR AS A COMPANY

What business are they into to be able to amass such wealth without being know, the way I see them they are ready to drag it with mtn enter $1billion without shaking imagine known telcom like aitel could not match them some favoured criminals of northern oligarchy owning and buying up the country from all fronts in disguise

THE CORRUPTION IN THE COUNTRY NO BE HERE O WHALLAI

VcStunner:
MTN retail offer (share sales) closes tomorrow or perhaps midnight today. All along, MTN only needed money to pursue 5G spectrum broadband. And to think I was just searching and researching their performance in the stock market trying to make an investment decision.. has to be another money heist episode in the series.

Are you still going to buy?

klas:


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.

Allow him to be spewing bullpoo, as if it was FG that provided the current _edge, 3G and 4 G infrastructures

bamid2:
First and foremost, i think Mafab Comms did their homework well and hitting the home run became a cakewalk (no pun intended).

The question we should ask is who is behind Mafab Comms. Dr Musbahu Bashir. What are his antecedents?. He is not a greenhorn in telecoms business. In fact, he is a very shrewd business guru who is on the board of Jaiz Bank, an Oil export pre-shipment and inspection company amongst other businesses.

Throwing big money behind such a person is not a big deal. The good news is that Mafab Comms will open up a new vista of opportunities in the telecoms ecosystem. One thing i understand about private equity/investment is that before they support any big deal, they take a painstaking look at the CEO's leadership qualities, his integrity threshold, his hunger for success and most importantly his team (if they can deliver). Since it is a wholly Nigerian company ( i think), maybe we should wait and see what they have in store for us all.

PS: To get full insight into how telecoms auction works, i suggest you read Mallam Nasir El-Rufai's Accidental Public Servant where he gave a rich and deep insight into Privatization, Public Private Partnership (PPP), Telecoms Auctions, Infrastructure financing and Contracting etc.
In that book, he also mentioned that his older brother, who is a Telecoms Engineer worked in IT/Telecoms and was/is a big fish in that space.

Lwkmd.


Another Disco scenario all over again.

Organisation that can barely maintain a website is what you are bragging over?

fergie0o1:
Previous threads:

https://www.nairaland.com/6894051/5g-license-auction-mtn-airtel#108468903

https://www.nairaland.com/6878239/5g-spectrum-auction-ncc-okay#108156985










SOURCE

I suspect this other company are backed by chinese.