Brief: Spark New Zealand Welcomes NZ Govt's Announcement On Allocation Of C-Band Spectrum

Spark New Zealand

19/10/2022 20:40

Oct 20 (Reuters) - Spark New Zealand Ltd  SPK.NZ :
    * WELCOMED NZ GOVERNMENT'S ANNOUNCEMENT OF NEXT STEPS IN
ALLOCATION OF C-BAND SPECTRUM
    * CO, CROWN AGREED IN PRINCIPLE ON TERMS FOR DIRECT
ALLOCATION OF
C-BAND SPECTRUM FOR MANAGEMENT OF 80 MHZ OF 3.5 GHZ SPECTRUM
    * WILL COMMIT ADDITIONAL NZ$24 MILLION IN FUNDING TO RURAL
CONNECTIVITY GROUP BETWEEN 2023 & 2025
    * AGREEMENT PROVIDES SPARK WITH LONG-TERM SPECTRUM RIGHTS
FROM 1
JULY 2023 IN SAME BAND RANGE FOR WHICH IT NOW HAS TEMPORARY
ACCESS

Further company coverage:  SPK.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))