Telenet obtains core spectrum in the 1400 MHz band
The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market. Inside information.
Mechelen, 20 July 2022 - Telenet Group NV, a 100 % direct subsidiary of Telenet Group Holding NV (hereafter 'Telenet') (Euronext Brussels: TNET), has obtained 15 MHz in the 1400 MHz band for an amount of €38 million following the auction procedure organised by the Belgian Institute for Postal Services and Telecommunications (BIPT).
Telenet is pleased to have won 15 MHz (38% of the 40 MHz) of the more valuable core part of the 1400 MHz band at an attractive price of €38m, in addition to the 200 MHz spectrum already acquired during the first auction in June. The 1400 MHz band is divided into a core part and two extensions. The core part is more valuable because it can be used for 4G and 5G, whereas the extension lots can only be used for 5G. But for the time being, the device ecosystem for 5G in this band has not yet been developed.
Telenet will be able to use all the spectrum it acquired immediately upon the grant of the related license to add extra download capacity to the network thereby continuing to lead with its customer experience.
As for the other frequency bands recently acquired in procedure A and B, operators have the choice to either opt for a single advance payment or annual deferred payments. Telenet is still assessing both options.
