Vodafone UK acquires 50 MHz of spectrum in the 3400 MHz band for mobile data services in Ofcom’s auction

LONDON, 06-Apr-2018 — /EuropaWire/ — Vodafone UK has acquired 50 MHz of spectrum in the 3400 MHz band for mobile data services in Ofcom’s auction for a total cost of £378.2 million (€433.4 million).*

Vodafone UK will use the 3400 MHz spectrum to deploy 5G services, enabling Gigabit speeds and lower latency to enhance applications including connected vehicles and robotics, industrial automated systems, and virtual and augmented reality.

The spectrum acquired has a twenty-year term and is convertible to perpetual licences thereafter.

Vodafone UK has the following spectrum holdings before and after the auction:

* Exchange rate: £1 = €1.15.

For further information:

Vodafone Group

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About Vodafone

Vodafone Group is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 26 countries, partners with mobile networks in 48 more, and fixed broadband operations in 19 markets. As of 31 December 2017, Vodafone Group had 529.1 million mobile customers and 19.3 million fixed broadband customers, including India and all of the customers in Vodafone’s joint ventures and associates. For more information, please visit: www.vodafone.com

SOURCE: Vodafone Group