Telenor's Thai subsidiary dtac selected preferred partner on TOT's 2300 MHz spectrum
(Thomson Reuters ONE) -
(Fornebu, 24 May 2017) Thailand's state enterprise TOT has today announced that
Telenor's Thai subsidiary dtac has been selected as the preferred partner for
4G services on TOT's 2300 MHz spectrum.
"I am pleased that TOT has selected dtac as a preferred partner for its 2300 MHz
spectrum. Thailand is an important market for us, with its high and growing
demand for mobile data services. The partnership provides clarity on our
spectrum position in Thailand. Access to significant spectrum resources both
the 2100 MHz and the 2300 MHz frequency bands will make us well positioned to
continue to serve our Thai customers with quality services", says Sigve Brekke,
CEO of Telenor Group.
TOT holds 60 MHz of spectrum in the 2300 MHz frequency band until 2025.
According to the partnership proposal, dtac will build a network based on this
spectrum and have the right to utilize up to 60% of the capacity in this
network, for a fixed annual fee of THB 4.5 billion (approx. NOK 1.1 billion) .
TOT and dtac have the ambition to sign a final agreement in the fourth quarter
of 2017. Prior to this, the parties will conclude negotiations of term and
conditions, and secure approvals with necessary governmental agencies.
Investor Relations contact:
Marianne Moe
Mobile: +47 9161 7631
marianne.moe(at)telenor.com
Media contacts:
Glenn Mandelid
Mobile: +65 9757 4671
glenn.mandelid(at)telenor.com
Marcus Adaktusson
Mobile: +65 9879 5730
marcus.adaktusson(at)telenor.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2017 - 04:35 Uhr
Sprache: Deutsch
News-ID 544266
Anzahl Zeichen: 2078
contact information:
Town:
OSLO
Kategorie:
Business News
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