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TELIA - Telia AB News Story

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Large Cap
Market Cap £13.41bn
Enterprise Value £21.73bn
Revenue £7.62bn
Position in Universe 53rd / 1831

UPDATE 1-Operators prepare Sweden for 5G coverage after spectrum sale

Thu 21st January, 2021 8:40am
(Adds China commerce ministry response, updates dateline)
    By Supantha Mukherjee and Helena Soderpalm
    STOCKHOLM, Jan 21 (Reuters) - Swedish telecom operators are
planning to cover almost the entire country with 5G in the next
two to three years after a spectrum auction by the country's
telecom regulator PTS.
    The auction between four bidders, which had been delayed for
a security review and by a lawsuit filed by Chinese telecoms
equipment maker Huawei  HWT.UL , finally took place on Tuesday.
    Bidders were units or joint ventures of telecom operators
Telia  TELIA.ST , Tele2  TEL2b.ST , Telenor  TEL.OL  and Tre.
    "We are just really happy that the auction happened now, it
is critical for our continued 5G rollout and to strengthen
Sweden as a digital nation in the years to come," Staffan
Åkesson, CTO Telia Sweden, said.
    Telia won 120 MHz, Tre and Tele2-Telenor won 100 MHz each,
while state-owned Teracom won 80 MHz in the 2.3 GHz band and
total proceeds from the spectrum auction amounted to 2.3 billion
Swedish crowns ($275 million).
    "We are quite satisfied with the auction, we managed to
secure the spectrum we needed at a reasonable price," said Tre
spokesman Haval van Drumpt. "By the end of 2023 we expect the
majority of our customers to have highspeed 5G."
    Tre, which signed contracts with Huawei for building its
network in Sweden, had filed a lawsuit against the banning of
the Chinese firm. The case, along with an appeal by Huawei, is
still pending.*:nL8N2JQ1MB
    Huawei had opposed the sale, saying that it would be
difficult to redo the auction if the court subsequently
concludes that the terms were unlawful.
    "China will take all necessary measures to safeguard the
legitimate rights and interests of Chinese companies," a
spokesman for China's commerce ministry said on Thursday.
     Sweden-based Ericsson  ERICb.ST , which gets some parts of
its revenue by selling telecom equipment in China, had earlier
criticized the exclusion of Huawei by Swedish regulators. 
    A Tele2 spokesman said the company aims to cover over 99% of
the Swedish population within three years.  

 (Reporting by Supantha Mukherjee, Helena Soderpalm and Beijing
Newsroom; Editing by Chizu Nomiyama and Alexander Smith)
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