BT Group PLC BT SECURES 40MHz OF 3.4GHz SPECTRUM (9125J)

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RNS Number : 9125J

BT Group PLC

05 April 2018

05 April 2018

BT SECURES 40MHz OF 3.4GHz SPECTRUM

-- BT secures 40MHz of 3.4GHz spectrum suitable for 5G services, strengthening EE's mobile network leadership

   --     Spectrum won at GBP302.6m, prior to any assignment round payment 

-- EE mobile network already delivering 4G services to 90% of the UK geography - new 3.4GHz spectrum allows 5G plans to be put in motion

Marc Allera, CEO of BT's Consumer Division, said:

"The acquisition of 40MHz of 3.4GHz spectrum positions us well for our launch of future 5G services and consolidates our position as one of the world's leading providers of communications services.

"With this outcome, we'll continue to roll out the fastest 4G service to consumers and businesses across the UK, and now look ahead to the potential new services that 5G will offer, keeping our nation at the forefront of digital communications."

Ends

Notes to editors:

Please refer to Ofcom's statement announcing the outcome of the auction.

BT confirms that it has won 40MHz of 3.4GHz at GBP302.6m (prior to any further assignment round payment to determine where the acquired spectrum is positioned within the band).

For further information:

Enquiries about this news release should be made to the BT Group Newsroom 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All news releases can be accessed at our web site. You can also subscribe to receive all BT announcements here and you can follow us on Twitter here.

BT

BT's purpose is to use the power of communications to make a better world. It is one of the world's leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Consumer, EE, Business and Public Sector, Global Services, Wholesale and Ventures, and Openreach.

For the year ended 31 March 2017, BT Group's reported revenue was GBP24,062m with reported profit before taxation of GBP2,354m.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

For more information, visit www.btplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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April 05, 2018 02:44 ET (06:44 GMT)