If you’ve ever wondered how much Nigerian telecom companies like MTN, Glo, Airtel, etc, pay for mast installations, then this article is for you.
It is a must-read for landowners whose properties have been prospected by telecom companies to erect their infrastructure.
What Are Telecommunication Masts
Telecommunication masts are structures, often 15m and above, designed to facilitate communication over a distance through telephone, radio, television, and internet wave technology.
How Much Do MTN, GLO, Airtel Pay For Mast Installation
The amount MTN, Glo, and Airtel pay for mast Installations largely depends on the location and the size of your land.
A 40m by 40m space could command around 1 Million to 3 Million Naira Per Annum, and contracts are usually negotiated over a 10-15 year lease period.
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What to Do If Telecom Companies Are Interested in Your Land
- The First thing to do is to contact a lawyer to handle negotiations on your behalf to ensure you are not legally screwed over.
- Visit other landowners whose lands telecom masts are sited on and consult them on the terms of their agreement. It is important to note that the price of real estate leases increases with time.
- Instruct your lawyer to study the Nigeria’s Communication Commission’s Guide on installing of Communication towers. Click here to access it.
- Make sure a break clause is inserted in the lease if you decide to sell your land after a couple of months.
- In some cases, you could negotiate for extra privileges like free electricity. You’re likely to get it depending on the negotiating abilities of your lawyer.
Do Telecommunication Masts Cause Cancer?
No, they don’t.
Scientific studies have debunked claims that the installation of telecommunication masts results in cancer.
The American Cancer Society, Cancer Research UK, and The Nigeria Communication Commission have all stated that Telecommunication masts provide no health risks whatsoever.
Conclusion
The notion that telecommunication companies pay a fortune to landowners for installing telecommunication masts is not exactly true.
But with proper negotiating, you could earn yourself a good deal to supplement your regular income.