Cookie Consent by Free Privacy Policy website Vodafone Spain acquires 2x10 MHz of spectrum to expand 5G services
july 26, 2021 - Vodafone

Vodafone Spain acquires 2x10 MHz of spectrum to expand 5G services

Vodafone #Spain has acquired 2x10 MHz of spectrum in the 700 MHz band from the Spanish Ministry of Economic Affairs and Digital Transformation (‘MINECO’) for €350 million (reserve price for the acquired block).

The total amount will be payable in a single instalment following the conclusion of the auction process. In addition, a licensing fee of €15.5m will be payable each year.

The spectrum acquired has initial holding rights until 2041, with an automatic renewal with no additional fees for a further 20 years (until 2061), subject to meeting the licence obligations.  

Vodafone #Spain will use the spectrum to continue offering one of the leading mobile experiences in #Spain through its ‘built right’ approach to #5g, expanding its footprint and offering better coverage, including indoor buildings.

Colman Deegan, CEO of #Vodafone #Spain, said: “Vodafone welcomes the improved conditions offered by the government for this spectrum auction, which represents an important step towards achieving a sustainable, economically viable sector necessary for continued investment in connectivity.”

“The new #5g frequencies acquired today will enable #Vodafone #Spain to accelerate the deployment of our leading #5g network in the coming months, ensuring that consumers and businesses can take advantage of digital transformation opportunities to support economic recovery after the pandemic.”

Further information in the press release to download