Skip to main content

Four companies gear-up for 4G LTE licenses

By: Fred Yaw Sarpong- Daily Express

The four companies who submitted their applications to the National Communications Authority (NCA) to acquire 4G LTE licenses are said to be ready for the announcement of the winners by the regulating authority.

The National Communications Authority did announce the availability of some space in the 800MHz for two companies to be awarded licenses in order to operate 4G LTE in the country.

The 4G LTE network is an improved technology of 2G and 3G technologies. Basically, people who have smart phones which are compatible to the 3G technology are able to use their phones to browse the internet, send text, send pictures and among other things.

Similarly, users of smart phones which are compatible to the 4G LTE will be able to experience much better services than what 2G and 3G provides.

The companies who were able to meet the 9 November, 2015 deadline are Scancom Ghana Limited, the operators of MTN; Surfline Communications Limited; Goldkey Telecom Limited and the Migson Communications Limited.

Out of these four companies, the regulator will select the best two winners and subsequently award them two blocks of 2x10MHz spectrum (4G LTE licenses) in the 800MHz Band on the 9 December, 2015.

Per the plans of NCA, the auction of the spectrum will take place between 2 December, 2015 and 8 December, 2015 and on the 9 December, 2015 the winners will be announced.

According to the NCA, each of the two winners will pay about US$67.5 million for the 4G LTE license for a period of 15 years.

The authority said it shall proceed to assess the eligibility of the four companies for the award of the 4G LTE licence before inviting them to participate in the Auction.

The National Communications Authority will take into consideration whether the company applying for the license is a registered company under the laws of Ghana, and duly certified to operate in Ghana.

However, NCA said companies which are owe by foreigners must have a minimum of 35% indigenous Ghanaian ownership in the company. “It may be a company, a joint venture or consortium,” according to NCA.

“Applicants who do not meet this criteria at the time of applying should submit a letter of commitment, signed by the Authorised Representative, to have the minimum 35% Ghanaian ownership in place within 13 months from the effective date of the license, failing which the license duration shall be reduced by 2 years in the first instance of the deadline and by an additional 1 year for each year in which the Ghanaian ownership threshold is violated,” NCA added.

With the ownership structure, the Ghanaian company shall be maintained throughout the 15 year duration of the License.

The entities with foreign ownership shall register with the Ghana Investment Promotion Centre (GIPC) before commencement of service in accordance with Section 24 of the Ghana Investment Promotion Centre (GIPC) Act, 2013 (Act 865).

“Listing on the Ghana Stock Exchange in accordance with the Ghana Stock Exchange Listing Regulations 1990 (LI 1509) shall be accepted as a mechanism to meet the minimum Ghanaian shareholding requirement, where necessary,” NCA noted.

Meanwhile, the National Communications Authority (NCA) has selected Messrs’ KPMG as the Auctioneer for the auction process of the 800MHz Band.

The Daily Express gathered that KPMG will now be responsible for managing the process leading up to the auction and the actual auction. This will involve setting out the rules of the auction and ensuring an independent and transparent process.


Popular posts from this blog

Akuapem-Apirede to promote tourism

By: Fred Yaw Sarpong
The Chiefs and people of Akuapem-Apirede in the Okere Constituency of the Akuapem North Municipality have put in place strategic plans to promote tourist sites in the town.
Apiredehene, Nana Saforo Okoampah III told the Daily Express that their vision is to develop Apirede in a modern way.
“We want to have a modern society and environment. We are doing this on the basis of promoting tourism here,” he added.
According to the Apiredehene, it’s their plan to promote the historic sites and the geographical location of the community.
Apirede is one of the 17 towns that forms the Akuapem State and historically, it used to house the armours of the Akuapem State. The community is part of the Nifa division of Akuapem.
He stated that one of those things was called ‘Odosu’ (the war god for Okuapemhene). “The Chief Executioner in those days for Akuapem also came from Apirede and items that he used were also kept here,” he stated.
“These are a lot of things …

Ghana to benefit from oil spill fund

By: Fred Yaw Sarpong

Ghana as crude oil importing country will benefit from the International Oil Pollution Corporation Fund if the country witnesses oil spill at its ocean.

“The fund is a global fund and it’s meant for the countries that import crude oil. The fund is voluntary but Ghana through the Tema Oil Refinery (TOR) contributes annually on behalf of Ghana,” Mr. Kojo Agbenor Efunam, the Deputy Director in charge of oil and gas at the Environmental Protection Agency (EPA) told the Daily Express.

He explained that the fund is mostly for crude oil importing countries but not those into production and exportation.

Mr. Efunam further explained that once Ghana is part of the fund, anytime there is an oil spill involving an oil tanker on the seas of Ghana, the country can apply for the fund to solve any problem resulting from the spillage.

“If the incident does not involve a tanker the country does not benefit. But if the incident involves a tanker the country applies for the fund,” he ment…

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…