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Globacom and Emerging Markets Telecommunication Service Limited are set to miss out on the deployment of Fifth Generation network for at least two years as the Nigerian Communications Commission qualifies MTN Nigeria Plc, Airtel Networks Limited and one new player for its 5G auction. The NCC announced on Thursday only three qualified bidders met its criteria for the licensing process for the 3.5 gigahertz spectrum which is required for 5G deployment. These three companies paid at least $19.74m each in order to qualify, it was learnt. In a statement, the commission said, “The qualified bidders that have met the criteria for participation in the licensing process of 3.5Ghz spectrum, including payment of the stipulated Intention to Bid Deposit as outlined in the Information Memorandum, are MTN Nigeria Plc, Mafab Communications Limited, and Airtel Networks Limited.” According to the document released by the Federal Government, “Applicants must transfer an IBD corresponding to a lot into the designated account in cleared funds not later than 17.00 hours West African Time on November 24, 2021. “A bank guarantee, or similar instruments, will not be acceptable. This deposit will bind the applicant to take up a licence, should it be a successful bidder, at the reserve price or any higher bid value submitted during the process.”