VODAFONE SPAIN ACQUIRES 2x10 MHZ OF SPECTRUM

21 JULY 2021

VODAFONE SPAIN ACQUIRES 2x10 MHZ OF SPECTRUM TO EXPAND 5G SERVICES

Vodafone Spain has acquired 2x10 MHz of spectrum in the 700 MHz band from the Spanish Ministry of Economic Affairs and Digital Transformation ('MINECO') for €350 million (reserve price for the acquired block).

The total amount will be payable in a single instalment following the conclusion of the auction process. In addition, a licensing fee of €15.5m will be payable each year.

The spectrum acquired has initial holding rights until 2041, with an automatic renewal with no additional fees for a further 20 years (until 2061), subject to meeting the licence obligations. 

Vodafone Spain will use the spectrum to continue offering one of the leading mobile experiences in Spain through its 'built right' approach to 5G, expanding its footprint and offering better coverage, including indoor buildings.

Colman Deegan, CEO of Vodafone Spain, said: "Vodafone welcomes the improved conditions offered by the government for this spectrum auction, which represents an important step towards achieving a sustainable, economically viable sector necessary for continued investment in connectivity."

"The new 5G frequencies acquired today will enable Vodafone Spain to accelerate the deployment of our leading 5G network in the coming months, ensuring that consumers and businesses can take advantage of digital transformation opportunities to support economic recovery after the pandemic."

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

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Vodafone is a leading telecommunications company in Europe and Africa. Our purpose is to "connect for a better future" enabling an inclusive and sustainable digital society.  Our expertise and scale gives us a unique opportunity to drive positive change for society. Our networks keep family, friends, businesses and governments connected and - as COVID-19 has clearly demonstrated - we play a vital role in keeping economies running and the functioning of critical sectors like education and healthcare.  

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