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AMOV - America Movil SAB De CV News Story

$13.8 -0.4  -3.0%

Last Trade - 09/04/21

Large Cap
Market Cap £33.48bn
Enterprise Value £58.05bn
Revenue £36.82bn
Position in Universe 271st / 6827

Bulgaria to auction frequency licences to boost 5G rollout

Wed 3rd February, 2021 7:13am
SOFIA, Feb 3(Reuters) - Bulgaria's telecoms regulator will
auction on March 15 three frequency licences that will allow the
development of 5G wireless networks in the Balkan country, it
said late on Tuesday.
    The Communications Regulation Commission said it would
auction three, 20-year licences in the 3.6 GHz spectrum, each
with an initial price of 4 million levs ($2.5 million). 
    "The auctions will be for licences with a national coverage
for the use of bands in 3,500-3,600 MHz, 3,600-3,700 MHz and
3,700-3,800 MHz," the regulator said in a statement.
    Both leading telecom operator Vivacom and A1, part of
Austria's A1 Group controlled by Mexico's America Movil
 AMXL.MX , have expressed an interest in acquiring the three
licences, each for 100 MHz, while Telenor Bulgaria, owned by
Czech investment group PPF, wanted one licence.
    Vivacom and A1 have been offering some 5G services since the
autumn, based on temporary frequencies granted by the regulator.
Telenor Bulgaria, which carried out 5G trials in 2019, is yet to
reveal its 5G rollout plans.
    With an estimated combined investment of over 800 million
levs over the next few years, the three telecoms firms have
asked for lower frequencies fees and less bureaucracy to push
ahead with a swift 5G rollout.*:nL8N24N2Z5
    The regulator granted additional temporary frequencies in
the 2.6 GHz spectrum to the three companies earlier this month.
    ($1 = 1.6264 leva)

 (Reporting by Tsvetelia Tsolova. Editing by Mark Potter)
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