Shore Capital Group Limited Update regarding Radio Spectrum Licences (2234X)
18 February 2017 - 2:06AM
UK Regulatory
TIDMSGR
RNS Number : 2234X
Shore Capital Group Limited
17 February 2017
Shore Capital Group Limited
("Shore Capital" or the "Group")
Update regarding Radio Spectrum Licences
DBD holds, through a subsidiary, 32 regional radio spectrum
licences in Germany of indefinite duration (the "Licences"). Shore
Capital holds a 59.94% interest in Spectrum Investments Limited,
the parent company of DBD.
DBD has been given consent by the German Telecoms Regulator
("BNetzA") to test the LTE TDD technology which will support its
business plan for the future use of the Licences, premised upon a
small radio cells network concept. An initial pilot scheme has been
commenced in Berlin and DBD plans to roll out additional pilots in
other areas covered by the Licences.
For the initial Berlin trial, at the request of BNetzA, DBD is
using a temporary test licence granted to it by BNetzA. However,
DBD believes that, as a result of Article 9a of the EU Framework
Directive (2002/21/EC, as amended), implemented in Germany by Sec.
150 para 8 of the German Telecommunications Act, it should be
permitted to use its existing Licences to conduct the pilot schemes
and to support the roll out of its services in the future. BNetzA
has yet to confirm its agreement.
In correspondence with DBD, BNetzA has noted that its ongoing
consideration of the status and use of the Licences should be taken
in the context of its ongoing review of spectrum frequency planning
for the years after 2021/2022 and in particular its frequency
concept for the 3.5GHz band, into which the Licences fall.
- Ends -
Enquiries:
Shore Capital +44 (0) 20 7468
Howard Shore, Executive 7911
Chairman +44 (0) 14 8172
Lynn Bruce, Director 8902
Grant Thornton UK LLP
(Nominated Adviser)
Philip Secrett
Jamie Barklem +44 (0) 20 7383
Carolyn Sansom 5100
Bell Pottinger (Public
Relations)
Olly Scott +44 (0) 20 3772
Charlie Stewart 2500
About Shore Capital
Shore Capital is an AIM quoted independent investment group.
Founded and majority owned by entrepreneurs, for three decades
Shore Capital has been helping entrepreneurial businesses reach
their full potential, find committed long term investors and
develop into significant enterprises. The business offers
innovative corporate advice; a leading market-making business; some
of the most respected investment research available in the UK; and
a diverse range of high quality investment opportunities, including
its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and
Berlin. Shore Capital Stockbrokers Limited, Shore Capital and
Corporate Limited, Shore Capital Limited and Puma Investment
Management Limited are each authorised and regulated by the
Financial Conduct Authority. Shore Capital Stockbrokers Limited is
a member of the London Stock Exchange.
www.shorecap.gg
This information is provided by RNS
The company news service from the London Stock Exchange
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