Zinox withdraws from spectrum auction
By Kokumo Goodie, Lagos, Nigeria
Zinox Telecommunications, an arm of Zinox Group, the integrated Information and Communications Company, has withdrawn from Nigeria’s 2.3GHz spectrum auction, preferring to focus on its core end to service delivery, a top official of the company has said.
The 2.3GHz spectrum auction is open to new entrants as well as companies operating in the telecommunications market in Nigeria and abroad. Zinox Telecommunications had expressed interest in the auction of the 2.3GHz spectrum, a frequency band touted to possess the potentials to foster penetration of high speed Internet services across the country.
“There was a last minute decision by the company’s board which discouraged the management from the bid. The board argues that 2.3GHz license will divert attention from our core competence.
“You know we are already an end to end solutions service provider in the ICT sector. So the advice of the board is that we should focus on our core competence. You also know, we have a hub here in Nigeria," he said.