8. Notification of change of particulars. A licensee shall—
(a) notify the Commission of its intention to change the name or contact address it
filed with the Commission at least thirty days before effecting such change; and
(b) Notify the Commission and the public of any trade or brand name it intends to
use at least thirty days prior to using the trade or brand name.
9. Change in shareholding.
(1) A licensee shall ensure that its shareholding complies, at all times with the
Government’s Communications Sector Policy, published from time to time.
(2) A licensee shall notify the Commission of any proposed change in ownership,
control or proportion of shares held in it, at least thirty days before the change is
effected.
Provided that—
(a) Any change in shareholding exceeding fifteen per centum of the issued share
capital; or
(b) The acquisition by an existing shareholder of at least five per centum of
additional shares;
shall require the prior written consent of the Commission and the Commission
shall notify the applicant of its acceptance or refusal, stating the reasons for its
decision, within thirty days of receipt of the request for consent.
10. Transfer or assignment of a licence.
(1) A licensee shall not transfer or assign a licence granted under the Act without
the written consent of the Commission.
(2) The Commission may, when considering an application for the transfer or
assignment, consider the same requirements and terms as if considering an
application for the grant of a new licence.
(3) The Commission shall communicate its decision on an application for the
transfer or assignment of a licence to an applicant within thirty days of receipt of
the application and state the reasons for the decision.