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Vodafone Group Plc - Vodafone Egypt Acquires Spectrum

RNS Number : 2954E
Vodafone Group Plc
04 November 2020
 

4 November 2020

 

VODAFONE EGYPT ACQUIRES SPECTRUM TO EXPAND NETWORK CAPACITY

 

Vodafone Egypt has acquired 40 MHz of 2.6 GHz TDD spectrum from the National Telecommunications Regulatory Authority (NTRA).   The spectrum will enable Vodafone Egypt to significantly expand network capacity to meet growing demand for reliable, high quality voice and data services.

 

The spectrum acquired has a ten-year licence term through to 2030.  Payments will be phased over three years, with an initial payment of $270 million (€230 million) upon receipt of the spectrum and two further payments of $135 million (€115 million) due in 2021 and 2022 respectively.

 

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

 

 

Existing Holding

Purchased

Post-purchase

900 MHz

2 x 12.5 MHz (Exp. 2031)

 

2 x 12.5 MHz (Exp. 2031)

1800 MHz

2 x 10 MHz (Exp. 2031)

 

2 x 10 MHz (Exp. 2031)

2.1 GHz

2 x 20 MHz (Exp. 2031)

 

2 x 20 MHz (Exp. 2031)

2.6 GHz

 

40 MHz (Exp. 2030)

40 MHz (Exp. 2030)

 

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For more information, please contact:

Investor Relations                                                      Media Relations

Investors.vodafone.com                                           Vodafone.com/media/contact

ir@vodafone.co.uk                                                           GroupMedia@vodafone.com

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

 

About Vodafone

Vodafone is a leading technology communications company keeping society connected and building a digital future for everyone.

 

Vodafone is focused on two scaled and differentiated regional platforms in Europe and Africa.  We operate mobile and fixed networks in 22 countries and partner with mobile networks in 48 more.  As at 30 June 2020 we had over 300m mobile customers, more than 27m fixed broadband customers and over 22m TV customers.

 

We connect for a better future.  We are optimistic about how technology and connectivity can enhance the future and improve people's lives. Through our business, we aim to build a digital society that enhances socio-economic progress, embraces everyone and does not come at the cost of our planet. That is why we have committed to improve one billion lives and halve our environmental impact by 2025.

 

For more information, please visit: www.vodafone.com.

 

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