NEWS

MASMOVIL Group acquires 5G spectrum at an attractive price

Friday, Jun 08, 2018

MASMOVIL has announced today that, after completing the purchase of Neutra Nework Services, and receiving the corresponding authorization from the Ministry of Energy, Tourism and Digital Agenda, has acquired a concession in the Radio frequency public domain of 40Mhz in the 3.4 to 3.6 Ghz band for the total Spanish area, and four concessions in the Radio frequency public domain in the 2.6 Ghz for the Catalonian, Castilla-La Mancha and Andalusian regions.

With the acquisition of spectrum in these frequencies, MASMOVIL is in an excellent position for the development of 5G services in benefit of its customers and becomes the only operator in Spain which has frequencies, customers and a wide experience in the use of this band.

"We are very satisfied with the purchase of Neutra and the acquisition of these frequencies that will allow us to continue improving the services we offer to our customers in terms of network coverage, speed and quality. The acquisition of these frequencies at a very competitive price is a new demonstration of our philosophy to develop our networks in the most efficient way", said Meinrad Spenger, CEO of MASMOVIL.

Neutra is company specialized in providing fix wireless broadband services to businesses, with a network of about 100 owned antennas distributed throughout the national territory, with around 5M€ Total Revenues and slightly positive EBITDA.

The total amount invested in the operation is 15.5M€, below the minimum price of 20 million euros of the auction expected by the end of July.

 

Source: globenewswire.com

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