REG - Vodafone Group Plc - VODAFONE UK ACQUIRES SPECTRUM FOR 5G SERVICES

VodafoneAnnouncement

05/04/2018 07:55

RNS Number : 9153J
Vodafone Group Plc
05 April 2018
 

5 April  2018
 
 
VODAFONE UK ACQUIRES SPECTRUM FOR 5G SERVICES
 
Vodafone UK has acquired 50 MHz of spectrum in the 3400 MHz band for mobile data services in Ofcom's auction for a total cost of £378.2 million (€433.4 million).*
 
Vodafone UK will use the 3400 MHz spectrum to deploy 5G services, enabling Gigabit speeds and lower latency to enhance applications including connected vehicles and robotics, industrial automated systems, and virtual and augmented reality.
 
The spectrum acquired has a twenty-year term and is convertible to perpetual licences thereafter.
 
Vodafone UK has the following spectrum holdings before and after the auction:
 








Existing Holding


Purchased


Post-purchase




800 MHz


10 MHz






10 MHz




900 MHz


17.4 MHz






17.4 MHz




1400 MHz


20 MHz






20 MHz




1800 MHz


5.8 MHz






5.8 MHz




2100 MHz


14.8 MHz






14.8 MHz




2600 MHz


40 MHz






40 MHz




3400 MHz






50 MHz


50 MHz




 
- ends -
* Exchange rate: £1 = €1.15.
 
For further information:




Vodafone Group








Media Relations


Investor Relations




www.vodafone.com/media/contact


Telephone:  +44 (0) 7919 990 230




 
About Vodafone
Vodafone Group is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 49 more, and fixed broadband operations in 19 markets. As of 31 December 2017, Vodafone Group had 529.1 million mobile customers and 19.3 million fixed broadband customers, including India and all of the customers in Vodafone's joint ventures and associates. For more information, please visit: www.vodafone.com



This information is provided by RNS
The company news service from the London Stock Exchange
 
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