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Tele2 Lithuania Secures Vital 900/1800 MHz Spectrum Bands - The new licenses will ensure continued operations after 2017 when the current licenses expire - Tele2.com
Tele2 Lithuania Secures Vital 900/1800 MHz Spectrum Bands

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2016/01/29 - The new licenses will ensure continued operations after 2017 when the current licenses expire - Tele2.com. OMX Stockholm: TEL2A

   
 
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They will also contribute to higher quality and lower costs, due to the quality and price ratio that Tele2 has opted for. Tele2 will pay EUR 13.7 million for the spectrum, with 20 percent of the amount charged in 2016 and the rest to be paid over 15 years of the license lifespan.

Allison Kirkby, President and CEO, Tele2 AB, comments: “This spectrum secures our highly successful business in Lithuania. It will also enable us to provide improvements in quality and entails a huge potential for further LTE and LTE Advanced development in a highly cost efficient way.”

In Q4, 2015, the Lithuanian business was the 2nd largest EBITDA contributor to the Tele2 group, providing SEK 138 million (less exchange rate fluctuations), or 10 percent of the group’s total EBITDA.

Contact: Louise Tjeder, Head of Investor Relations, Tele2 AB, P: +46 704 26 46 52

About TELE2

Tele2 (tele2.com) is one of europe's fastest growing telecom operators, always providing customers with what they need for less. We have 14 million customers in 9 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, content services and global M2M/IoT solutions. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2015, we had net sales of SEK 27 billion and reported an operating profit (EBITDA) of SEK 5.8 billion.

 
 
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Agency / Source: Tele2 AB

 
 

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Tele2 Lithuania Secures Vital 900/1800 MHz Spectrum Bands

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Tele2 AB | Vital 900/1800 MHz
Contact: Viktor Wallström - Tele2.com 
+46 703 63 53 27
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tele2 AB securities in any jurisdiction including any other companies listed or named in this release.

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