MASMOVIL acquires spectrum from Eurona in the 3.5GHz frequency to offer 5G services
20 Julio 2018 - 04:00AM
MASMOVIL acquires spectrum from Eurona in the 3.5GHz frequency to
offer 5G services
- With this purchase, MASMOVIL reaches a total of 80MHz in the
3.5GHz frequency, the largest proportion of this spectrum per
customer in Spain.
- Will allow customers to enjoy faster Internet browsing speed on
their mobile phones.
- Additionally, the Company has reached some agreements with
Eurona for the collaboration in fixed wireless and mobile telecom
services.
Madrid, July 20th, 2018. -
MASMOVIL announces the acquisition of 40MHz in the 3,4-3,8GHz (“3,5
GHz”) band from Eurona Wireless Telecom, S.A (“Eurona”). The
consideration for the acquisition amounts to 30M€.
With this new acquisition of spectrum, added
with the one recently obtained after the purchase of Neutra,
MASMOVIL Group already has 80MHz in the 3.5GHz band.
This important amount of spectrum places
MASMOVIL Group and its brands -Yoigo, Pepephone, Llamaya and
MASMOVIL- in an excellent position to face the future deployments
of the new 5G technology. MASMOVIL has the highest proportion of
this spectrum per customer of the Spanish market.
Benefits for customers
The acquisition of these new 40 MHz will allow
MASMOVIL to continue improving the quality of its services. Their
customers will enjoy a higher Internet browsing speed on their
mobile phones. In addition, with this operation MASMOVIL will also
have a bigger capacity to offer new services on its own mobile
network.
"We can face with optimism the future arrival of
5G and we work to continue leading the customers satisfaction in
Spain," said Meinrad Spenger, CEO of MASMOVIL.
Additionally, the Company has reached some
agreements with Eurona for the collaboration in fixed wireless and
mobile telecom services.
The transaction is pending from the
authorization from the Ministry of Economy and Businesses.
About MASMOVIL Group
MASMOVIL Group is the fourth largest converging
telecommunications operator in Spain that provides fixed, mobile
and broadband Internet services for residential, business and
Wholesale, through its main brands: Yoigo, Pepephone, MÁSMÓVIL and
Llamaya.
The group relies on a fiber/ADSL network for
broadband and 3G and 4G network for mobile telephony. At present,
it has more than 11 million fiber households and reaches 18 million
homes with ADSL. The companies’ 4G mobile network covers 98,5% of
the Spanish population. The Group had more than 6 million customers
in Spain by the end of March.
MASMOVIL received the award for the best fixed
broadband operator by Grupo ADSL Zone, and the award for best fiber
operator by the website, Grupo Informático, in 2017. Additionally,
it is the operator with the fastest fiber network in Spain
according to a study by the company, nPerf, and the operator with
the fastest 3G+4G aggregated mobile network in Spain, according to
a study by the company, Tutela.
For more information:
Fernando Castro +34.656.160.378 fernando.castro@masmovil.com