Tele2 today announces that Tele2 Lithuania has secured 900 and 1800 MHz bands in an auction launched earlier this year.
The new licenses will ensure continued operations after 2017 when the current licenses expire. They will also contribute to higher quality and lower costs, due to the quality and price ratio that Tele2 has opted for. Tele2 will pay EUR 13.7 million for the spectrum, with 20 percent of the amount charged in 2016 and the rest to be paid over 15 years of the license lifespan.
Allison Kirkby, President and CEO, Tele2 AB, comments: “This spectrum secures our highly successful business in Lithuania. It will also enable us to provide improvements in quality and entails a huge potential for further LTE and LTE Advanced development in a highly cost efficient way.”
In Q4, 2015, the Lithuanian business was the 2nd largest EBITDA contributor to the Tele2 group, providing SEK 138 million (less exchange rate fluctuations), or 10 percent of the group’s total EBITDA.