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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vodafone Group Plc | LSE:VOD | London | Ordinary Share | GB00BH4HKS39 | ORD USD0.20 20/21 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -0.15% | 66.38 | 66.70 | 66.72 | 67.08 | 65.96 | 66.66 | 106,342,889 | 16:35:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Radiotelephone Communication | 45.71B | 11.84B | 0.4372 | 1.53 | 18.07B |
TIDMVOD
RNS Number : 0354C
Vodafone Group Plc
12 June 2019
12 June 2019
VODAFONE GERMANY ACQUIRES SPECTRUM FOR 5G SERVICES
Vodafone Germany has acquired important radio spectrum for next-generation 5G mobile networks at the Federal Network Agency auction for a total cost of EUR1.88 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 EUR1.073 billion, available following the auction with a licence term through to 2040.
-- 2100 MHz - 40 MHz for EUR806.5 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.
Vodafone Group Chief Executive Nick Read commented: "Vodafone is committed to bring the full benefits of a digital society to Germany through our gigabit network including 5G. We believe it is important to have a balance between the price paid for spectrum and our strong desire to create an inclusive society through investment in mobile network coverage."
Vodafone Germany has the following spectrum holdings before and after the auction:
Existing Holding Purchased Post-purchase 700 MHz 2 x 10 MHz 2 x 10 MHz ----------------- ----------- ----------------------- 800 MHz 2 x 10 MHz 2 x 10 MHz ----------------- ----------- ----------------------- 900 MHz 2 x 10 MHz 2 x 10 MHz ----------------- ----------- ----------------------- 1500 MHz 20 MHz 20 MHz ----------------- ----------- ----------------------- 1800 MHz 2 x 25 MHz 2 x 25 MHz ----------------- ----------- ----------------------- 2100 MHz 2 x 15 MHz 2 x 15 MHz 2 x 20 MHz (from 2021) 1 x 5 MHz 2 x 5 MHz 1 x 5 MHz (exp end 2020) ----------------- ----------- ----------------------- 2600 MHz 2 x 20 MHz 2 x 20 + 25 MHz 1 x 25 MHz ----------------- ----------- ----------------------- 3.6GHz 1 x 42 MHz(#) 1 x 90 MHz 1 x 90 MHz ----------------- ----------- -----------------------
# this would be relinquished on award of the 90 MHz.
For further information:
Vodafone Group Media Relations Investor Relations www.vodafone.com/media/contact ir@vodafone.co.uk
About Vodafone Group
Vodafone Group is one of the world's leading telecoms and technology service providers. We have extensive experience in connectivity, convergence and the Internet of Things, as well as championing mobile financial services and digital transformation in emerging markets.
Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 41 more, and fixed broadband operations in 19 markets. As of 31 March 2019, Vodafone Group had approximately 650 million mobile customers, 19 million fixed broadband customers and 14 million TV customers, including 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 13, 2019 02:00 ET (06:00 GMT)
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