Telefonica wins 70 MHz spectrum for EUR 668 mln

Saturday 30 July 2011 | 08:55 CET | News
Telefonica has won 5 blocks in the 800 MHz, 900 MHz and 2.6 GHz frequency bands in the spectrum tender held by the Spanish Ministry of Industry. Telefonica now has spectrum available in all bands assigned to mobile services. The total cost of the five blocks amounts to EUR 668.3 million and the payment will be distributed in two tranches. Telefonica will pay around EUR 356 million in September this year, and the remaining amount in the second quarter of 2012. Telefonica plans to use the recently acquires spectrum to launch LTE services in September. The concession expires on 31 December 2030.

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Categories: Mobile & Wireless
Companies: Telefonica- Movistar
Countries: Spain
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