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General

Fastweb, Tiscali agree to hike 5G spectrum deal to EUR 198 mln

Tuesday 13 November 2018 | 10:05 CET | News
Swisscom announced that its Italian operator Fastweb has closed an agreement to acquire the Fixed Wireless Access (FWA) division of Sardinia-based Tiscali plus 40 MHz of spectrum in the 3.5 GHz band for a total of EUR 198 million. The deal entails payment of EUR 130 million in cash, plus EUR 55 million for the 4-5 year wholesale agreement and EUR 13 million of debts towards suppliers, said Swisscom, adding that it agreed to pay a further EUR 45 million compared to the initial EUR 150 million announced in July due to "recent market dynamics" that will in turn serve to strengthen the

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Categories: General
Companies: Fastweb / Swisscom / Tiscali
Countries: Italy
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