06/13/2019 | Press release | Distributed by Public on 06/13/2019 03:14
Vodafone Germany (NYSE: VOD) has acquired important radio spectrum for next-generation 5G mobile networks at the Federal Network Agency auction for a total cost of €1.88 billion. It has secured a valuable 90 MHz in the 3.6 GHz band and 40 MHz of 2100 MHz spectrum.
Vodafone Germany has achieved its overall auction objective and secured additional spectrum through to 2040. Vodafone Germany has acquired a total of 130 MHz, comprising:
· 3.6 GHz - 90 MHz for €1.073 billion, available following the auction with a licence term through to 2040.
· 2100 MHz - 40 MHz for €806.5 million, comprising 2 x 15 MHz available from 2021 and 2 x 5 MHz available from 2026, both with licence terms through to 2040. This provides continuity and expansion of existing services in this band.