TeliaSonera invests in new 4G frequencies in Finland
- 2013-10-30 13:25 UTC
TeliaSonera’s subsidiary in Finland, Sonera, invests in new 4G frequencies in the 800 MHz band. The Ministry of Transport and Communications today announced the results of the 800 MHz license auction that started in January 2013. Sonera secured 2 x 10 MHz frequencies in the 800 MHz band.
The new frequencies will enable a significant increase in 4G coverage and constitute an important step in creating Finland’s most extensive mobile broadband network. Our customers’ demand for connectivity drives mobile data growth, and the frequencies will provide more capacity and possibilities for improving indoor coverage of the network.
The high speed and capacity of 4G mobile networks offer effortless use of interactive TV, videos, advanced online gaming and professional applications.
The licenses granted for the 800 MHz band are valid for 20 years starting from 2014, and the price for the new frequency blocks is EUR 41.2 million including the administrative fees for the auction. The payment to Ficora will be made in five parts during the next five years.
Sonera has already built 4G (LTE) network on the 1,800 and 2,600 MHz frequencies, with a population coverage of 40 percent The license includes requirements to build a 4G coverage of 95 percent in 3 years and 99 percent in 5 years, where the 4G coverage built in other frequencies is also included.
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 2.25.p.m CET on October 30, 2013.
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 2012, net sales amounted to SEK 105 billion, EBITDA to SEK 36.1 billion and earnings per share to SEK 4.59. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.