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Polish DT unit agrees to pay $523 mln more for 4G spectrum

Published 2016-06-23, 08:18 a/m
© Reuters. Polish DT unit agrees to pay $523 mln more for 4G spectrum
DTEGn
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WARSAW, June 23 (Reuters) - The Polish mobile unit of
Deutsche Telekom DTEGn.DE (DT), T-Mobile Polska, agreed to pay
additional 2 billion zlotys ($522.51 million) for left-over
fast mobile broadband frequencies in Poland, the head of
T-Mobile Polska said.
T-Mobile Polska decided to buy the 800 MHz frequency block -
a spectrum sought after for its longer reach and better building
penetration - its smaller local rival NetNet rejected after
bidding the highest in a Polish frequency auction last year.
Polish telecoms regulator UKE closed the long-lasting
auction for new 4G mobile network spectrum in October, with
local telecoms bidding an overall 9.23 billion zlotys - a sum
seen boosting the state budget.
The DT unit already paid 2.1 billion zlotys for the new
broadband frequencies it won in the auction. The additional 2
billion zlotys for the left-over band means it paid the largest
junk of the overall sum.
T-Mobile Polska has two weeks to make the payment.
($1 = 3.8277 zlotys)

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