NCC earn N47billion profit from sale of spectrum.

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The Nigerian Communications Commission has announced a N47billion profit from its sale of spectrum to telecommunication outfits in the country in the last one year.

Its Chief Executive Officer, Professor Garba Dambatta states that broadband penetration has improved tremendously, moving from between eight and 10 per cent to 20.95 per cent, while internet penetration has hit 47.44 per cent which is second only to South Africa.

The NCC boss also claims that the Commission has been able to revive some of the companies whose services have been hampered by the characteristics of the frequencies.



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