Vodafone Spain has acquired 2x10MHz of spectrum in the 700 MHz band for €350 million (US$412 million), in the auction to offer mobile telephony and data services in this frequency band.
The total amount will be payable in a single installment 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 a differential 5G service in the Spanish market, expanding the coverage footprint extensively nationwide, and offering better coverage and service also inside buildings. The operator said it will accelerate the deployment of 5G network in the coming months so that both companies and private customers can accelerate the recovery and take advantage of the digital transformation.
Colman Deegan, CEO of Vodafone Spain
Vodafone supports and appreciates the best conditions offered by the government for this spectrum auction, which represent another step towards a sustainable and economically viable sector, necessary to maintain continuous investment in connectivity.
