CLOSE-UP: Mafab Comms, the dark horse that beat Airtel to Nigeria’s 5G licence

On Monday, Mafab Communications Limited challenged MTN Nigeria and Airtel Nigeria in an auction by the Nigerian Communications Commission (NCC) for the licence of fifth-generation (5G) networks.

In a twist of event, Airtel Nigeria, a top telecom company, dropped out of the race as the 5G spectrum reached $275.9 million at the 11th round.

NCC conducted the 5G spectrum auction with a reserve price of $197.4 million for two lots of spectrum in the 3.5GHz band.

Mafab later emerged as the second winner of the 5G licence at the assignment stage.

MAFAB: THE TELECOMS’ DARK HORSE

Mafab Communications was incorporated on the 8th of July, 2020, and licensed by the NCC to provide and operate Local Interconnect and International carrier services.

The company operates under three licenses, including interconnecting exchange, international data access, and value-added services, providing cloud hosting or co-location services.

Mafab is one of the technological subsidiaries of Althani Group, a business conglomerate chaired by Musbahu Muhammad Bashir, a business tycoon.

According to details on its website, “Althani group of companies is a corporate group of companies in Nigeria with a collection of subsidiary businesses.

“The group consists of a variety of companies with diverse objectives, cutting across several sectors including oil and gas, housing, construction, aviation, amongst others.”

The group’s subsidiaries include Eman Homes and Estate, Althani Investment, Salam Takaful Insurance, Malband Communications Limited, Holborn Oil and Gas international, Althani Oil and Gas Limited, Althani Shelters Limited, Pelican Air Services Limited, Cryogenic Industries Limited, Clearview Apartments, and Mafab Communications.

MEET MUSBAHU BASHIR, THE HARDWORKING BUSINESSMAN BEHIND MAFAB

Musbahu Muhammad Bashir serves as chairman on the board of his two companies — Althani Group of Companies and Cobalt International Services Limited, a pre-shipment inspection agent currently inspection agent for oil and gas exports in the country.

The business magnate is also a director at Bento Drill Nigeria Limited, Offshore Technologies International Limited, and Resource Capital Group.

At Jaiz bank, a Nigerian bank operating under Islamic banking principles and a non-interest bank, Bashir also serves as a member, board of directors.

He is the chairman, board of directors of Salam Takaful Insurance, a subsidiary of Althani group of companies, headquartered in Kano State.

The insurance firm was incorporated in 2016 — operating both family and general Takaful Insurance as well as retail Takaful line of business with a wide range of products.

Takaful is a sharia law-compliant insurance structure in which members agree to provide insurance for one another by contributing to a pool of funds that are used to recompense participants who suffer a loss.

Bashir worked with Hammad Development Facilities in 1987 and Jadai Diversified Services in 1989.

Bashir has vast experience of more than twenty years in general management, leadership, and engineering, according to details on the company’s website.

He has attained several certifications from high-profile institutions, including American University, London, and Harvard Business School, USA.

In a post, the Althani Group describes Bashir as undoubtedly a hardworking, resilient, and effective businessman with a strong personality.

https://www.thecable.ng/close-up-mafab-comms-the-dark-horse-that-beat-airtel-to-nigerias-5g-licence/amp


Previous thread: 5G License Auction: MTN, Mafab Communications Win Slots For $273m 5G License Auction: MTN, Mafab Communications Win Slots For $273m

Airtel was not beaten airtel back down.And it is very stupid for govt to give license to a company that have no structure.it is a shame

This is one hell of an educative post.. kudos..

Z

Mafab Communications was incorporated on the 8th of July, 2020 during covid, and licensed by the NCC to provide and operate Local Interconnect and International carrier services and in just 17 months they've gathered enough money and experience to win airtel (a company that is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index) in an auction for 5g License...




Nigeria truly is a place where dreams go to blossom

...

I'm black and I'm a Nigerian. I fvcking hate the hand nature dealth me

Wow �

Damnnn niggar

Beat or not

Airtel still remain my favourite network

Another criminal Don steal money to buy network,

..



Keeping my thoughts to myself
..

Una don package another front to dey launder funds.

Anyway, make them dey invest the money for our economy.

Nice one

Awusa

Booking space till I read

More to it, but it feels good that the company took all by surprise.

Who is the first

Where that useless network glo?
And etisalat still dey?
E be like they don buy that one. Can't remember!








Too early to get high!

Up Kano! Up Nigeria!
Congratulations Mafab

Ok

Airtel and shitty network. MTN, my love.

youngeagle:
Another criminal Don steal money to buy network,

out of the blue.
hope not Embezzled funds

Lol
Another front for a massive cashout from bubu friends
Never heard of a firm till it acquired a license at such amount
Fraud

Okay

youngeagle:
[s]Another criminal Don steal money to buy network[/s],

Well-done with your unintelligent assumption..I observed that once it's not in favor of your tribe you criticize it huh?
Stop the hate and focus on the positive side and the achievement man..

emmykk:
Airtel was not beaten airtel back down.And it is very stupid for govt to give license to a company that have no structure.it is a shame

INDEED SHAMEFUL...AIRTELL DIDNT LOOSE OUT , THEY PROBABLY BACKOUT TO INTERNAL POLITICKING, WHY GIVE LICENCE TO AN UNKWOWN BABY COMPANY WITH NO HISTORY OF SUCH LINE OF BUSINESS. SHAME ON THIS OUR USELESS LEADERS

Interesting