Vodafone Acquires Spectrum In Italy To Deploy 5G - Quick Facts

(RTTNews) - Vodafone Group Plc (VOD.L) announced that Vodafone Italy has acquired spectrum to enable the deployment of new 5G technology for a total cost of 2.4 billion euros. The spectrum acquired in the auction comprises: 3700 MHz - 80 MHz; 700 MHz - 2 x 10 MHz FDD; and 26 GHz - 200 MHz.

The 3700 MHz spectrum, acquired for 1.685 billion euros, is available from 1 January 2019 with a licence duration of 19 years. It can be immediately utilised by Vodafone Italy to enhance coverage, improve capacity, and for the rapid development of 5G services.

The 700 MHz spectrum, acquired for 683 million euros, is available from July 2022 with a licence duration of 15.5 years. The company will use the 700 MHz spectrum to deploy enhanced 5G services, providing nationwide coverage at very high speed and very low latency for next-generation applications including IoT, virtual and augmented reality, connected vehicles and robotics.