Mobiltel extends 900/1800MHz spectrum licence

Telekom Austria’s Bulgarian subsidiary Mobiltel, said Tuesday it has extended its licence for 900MHz and 1800MHz spectrum to 2024. The company paid €30.6m for the extension.

Mobiltel holds a licence for 2 x 11.2MHz in the 900MHz spectrum band and 2 x 10MHz in the 1800MHz spectrum band.

In addition to the one-off prolongation cost, Mobiltel must pay an annual spectrum fee of €2.2m. The spectrum has a maturity of ten years and the new licence runs until June 8, 2024.

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