KPN obtains 100 MHz in 3.5 GHz spectrum auction
02 July 2024 - 2:02AM
KPN obtains 100 MHz in 3.5 GHz spectrum auction
KPN has obtained an attractive spectrum package of 100 MHz of
3.5 GHz frequency licenses in the Dutch spectrum auction for a
total consideration of € 58.4 million. The licenses have a duration
up to and including 2040 and enable KPN to take the next step in 5G
and to cope with the growing demand of mobile data in the coming
years.
Joost Farwerck, CEO KPN: “After the multiband
auction in 2020 we have made a great start with 5G via the 700 MHz
band, with worldwide recognition for network quality and coverage.
The newly acquired 3.5 GHz licenses will increase network capacity
and enable higher throughput for our customers to enter the next
phase of 5G. The auction outcome allows us to continue offering
high-quality mobile services and to develop new and innovative 5G
services for our customers, in line with our Connect, Activate
& Grow strategy.”
Formal disclosures:
Royal KPN N.V. Head of IR: Matthijs van Leijenhorst Inside
information: Yes Topic: KPN obtains 100 MHz in 3.5 GHz spectrum
auction01/07/2024KPN-N
- KPN obtains 100 MHz in 3.5 GHz spectrum auction
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