Vodafone Group Plc VODAFONE SPAIN ACQUIRES SPECTRUM FOR 5G SERVICES (7717V)

TIDMVOD

RNS Number : 7717V

Vodafone Group Plc

25 July 2018

25 July 2018

VODAFONE SPAIN ACQUIRES SPECTRUM FOR 5G SERVICES

Vodafone Spain has acquired 90 MHz of contiguous spectrum in the 3700 MHz band for mobile data services in the Economic Ministry's auction for a total cost of EUR198.1 million. The fee will be paid by 20 equal annual instalments at a 2.35% interest rate.

Vodafone Spain will use the 3700 MHz spectrum to deploy 5G services, enabling Gigabit speeds and lower latency to enhance applications including connected vehicles and robotics, industrial automated systems, and virtual and augmented reality.

The spectrum acquired has a twenty-year term.

Vodafone Spain has the following spectrum holdings before and after the auction:

 
                       Existing Holding   Purchased   Post-purchase 
 800 MHz               2 x 10 MHz                     2 x 10 MHz 
                      -----------------  ----------  ---------------- 
 900 MHz               2 x 10 MHz                     2 x 10 MHz 
                      -----------------  ----------  ---------------- 
 1800 MHz              2 x 20 MHz                     2 x 20 MHz 
                      -----------------  ----------  ---------------- 
 2100 MHz (inc. TDD)   2 x 15 + 5                     2 x 15 + 5 MHz 
                        MHz 
                      -----------------  ----------  ---------------- 
 2600 MHz (inc. TDD)   2 x 20 + 20                    2 x 20 + 20 MHz 
                        MHz 
                      -----------------  ----------  ---------------- 
 3700 MHz (TDD)                           90 MHz      90 MHz 
                      -----------------  ----------  ---------------- 
 

For further information:

 
 Vodafone Group 
 Media Relations                  Investor Relations 
 www.vodafone.com/media/contact   Telephone: [phone] 
 

About Vodafone

Vodafone Group is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 46 more, and fixed broadband operations in 18 markets. As of 30 June 2018, Vodafone Group had 534.5 million mobile customers and 19.9 million fixed broadband customers, including India and 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 [e-mail] or visit www.rns.com.

END

ACQBSGDRCBDBGIU

(END) Dow Jones Newswires

July 25, 2018 10:24 ET (14:24 GMT)