Section 27, The Telecommunications Act, 2006

(1) A licence granted under this Act shall not betransferable. (2) For the purposes of subsection (1) “transfer” includes an assignment or sale of a licence and ceding control in the operation of the licence or a merger with another person. (3) A licensee who wishes to transfer his licence may apply to the Commission in the prescribed form and manner for the transfer of the licence. (4) An application under subsection (3) shall be accompanied by an application of the proposed transferee. (5) The Commission shall, in considering an application for transfer, have regard to the same matters as in considering the grant of a new licence and shall approve the transfer if satisfied with the application of the proposed transferee.