Release of 15.04.2014
Today the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that its Bulgarian subsidiary Mobiltel has prolonged its existing 2 x 11.2 MHz in the 900-MHz spectrum band and 2 x 10 MHz in the 1800-MHz spectrum band for a total amount of EUR 30.6 million. The allocated spectrum remains the same.
In addition to the one-off prolongation cost, Mobiltel must pay an annual spectrum fee of EUR 2.2 million, which remains unchanged. The spectrum has a maturity of 10 years until 8 June 2024. The terms of the prolongation were set by the Communications Regulation Commission (CRC).