STOCKHOLM, Sweden--(BUSINESS WIRE)--
As announced Friday December 6, TeliaSonera invests in new 4G frequencies in the 800 MHz band in Norway. Along with prolonged licences in 900 MHz band and more 4G frequencies in the 1,800 MHz band, the investment underlines TeliaSonera’s ambition to support customers with high speed data connections across the country. TeliaSonera pays NOK 626.7 million.
The licences granted for the 800 MHz, 900 MHz and 1,800 MHz bands are valid for 20 years starting from January 1, 2014 at the cost of NOK 626.7 million.
With the acquired licences follows requirements of offering high speed mobile internet access to 98% of the population in five years.
Today, TeliaSonera offers 4G coverage to approximately 50 percent of the Norwegian population (LTE, 1,800 MHz and 2,600 MHz bands), and high speed 3G access to approximately 85 percent of the population.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 7.30 a.m. CET on December 10, 2013.
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2012, net sales amounted to SEK 105 billion, EBITDA to SEK 36.1 billion and earnings per share to SEK 4.59. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.
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