TeliaSonera invests in new frequencies for 4G in Sweden
- 2011-10-13 16:00 UTC
TeliaSonera invests in more nationwide frequencies in the 1800 MHz band on the Swedish market.This became clear today when the Swedish Post and Telecom Agency (PTS) announced the result ofthe licence auction. The new frequencies will be used for the ongoing build-out of Sweden’s largest4G network and for strengthening the nationwide mobile telephony network.
TeliaSonera is already using part of the 1800 MHz band in Sweden for nationwide mobile telephony services in the 2G network. The new frequencies will provide customers with even more bandwidth for their surf needs in the 4G network at the same time that the nationwide mobile telephony network is strengthened.
In addition to the existing 10 MHz, TeliaSonera now also has the acquired 2x25 MHz in the 1800 MHz frequency band. The licences granted now for the 1800 MHz band are valid for 25 years starting from 2013, and the costs for the new frequency blocks in total are SEK 920 million. The payment to PTS will be made during the fourth quarter of 2011.
The frequency blocks now acquired in the 1800 MHz frequency band are not subject to any conditions related to construction pace or population coverage in Sweden.
TeliaSonera already uses the 1800 MHz frequency band for 4G services in Finland, Denmark, Latvia and Lithuania. During summer 2011, TeliaSonera’s subsidiary Yoigo also acquired frequencies in the 1800 MHz band to be used for 4G services in Spain.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 6.00 p.m. CET on 13 October 2011.
For more information, please call the TeliaSonera press office + 46-771 77 58 30, firstname.lastname@example.org
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2010, net sales amounted to SEK 107 billion, EBITDA to SEK 37.7 billion and earnings per share to SEK 4.73. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.