Royal KPN N.V.
Royal KPN N.V. Press Release: KPN obtains an attractive spectrum package in
the Dutch 5G auction
21-Jul-2020 / 17:50 CET/CEST
KPN has obtained an attractive combination of frequency licenses in the
Dutch 5G auction for EUR 416 million. These licenses, with in total 75MHz
of spectrum for a period of 20 years, will enable KPN to further increase
mobile data speeds and offer new 5G services across the Netherlands.
Joost Farwerck, CEO KPN: "We are satisfied with the outcome of the auction.
We obtained an attractive combination of frequency licenses for a 20-year
term at a reasonable price, considering the minimum price set by the
government. The new licenses allow us to further improve the quality of our
mobile services and we are excited to soon launch 5G-services for our
customers."
KPN acquired 20MHz of spectrum in the 700MHz band to offer high quality 5G
services with excellent coverage across the Netherlands. We also acquired
15MHz in the 1400MHz band and 40MHz in the 2100MHz band to immediately
increase mobile data speeds for our current 4G customers and for future 5G
services.
The total price of EUR 416 million consists of the prices per license in
each frequency band as shown below and an additional EUR 0.1 million in
order to obtain the best available combination of frequencies in these
spectrum bands in the allocation bidding round.
700MHz 1400MHz 2100MHz Total
Available spectrum in 60MHz 40MHz 120MHz 220MHz
the auction
(6) (8) (12)
(number of licenses)
Spectrum acquired by 20MHz 15MHz 40MHz 75MHz
KPN
(2) (3) (4)
(number of licenses)
Consideration for KPN EUR 158m EUR 95m EUR 163m EUR 416m
For more information:
KPN Royal Dutch Telecom
Investor Relations
Wilhelminakade 123
3072 AP Rotterdam
E-mail: ir@kpn.com
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
1098841 21-Jul-2020
(END) Dow Jones Newswires
July 21, 2020 11:50 ET (15:50 GMT)
© 2020 Dow Jones News
