Wind Hellas Telecommunications S.A. (“WIND Hellas”), a leading integrated telecommunications provider headquartered in Athens, Greece, announced today that following a multiple round auction it has acquired spectrum of 2 x 10MHz in the 800MHz band and 2 x 20MHz in the 2…
Wind Hellas Telecommunications S.A. (“WIND Hellas”), a leading integrated telecommunications provider headquartered in Athens, Greece, announced today that following a multiple round auction it has acquired spectrum of 2 x 10MHz in the 800MHz band and 2 x 20MHz in the 2.6GHz band, for a total of €121,8 million, in line with reserve prices set by the regulator. The licenses have an initial term of 15 years and will take effect on February 28, 2015.
The spectrum will support WIND Hellas’ current 4G roll-out and provide the necessary bandwidth to meet the traffic and network capacity demand of a growing market.
“We will incorporate this new spectrum into our network modernization and the current rollout of LTE services. This is a significant investment in critical spectrum that will allow us to meet the growing consumer demand for 4G mobile broadband and provide consumers the fastest data service” Wind Hellas CEO and Chairman, Nassos Zarkalis said. "At the same time we add to our competitiveness and boost the company's investment value for shareholders".
Wind Hellas will be able to make use of the newly acquired spectrum bands almost immediately as it has already begun deploying a next generation mobile network using Long Term Evolution (LTE) technology. Mobile Broadband penetration in Greece is currently below EU average but has a strong upward trend as mobile users are becoming data-hungry.
About WIND Hellas
WIND HELLAS is one of Greece’s largest telecommunications operator offering integrated mobile, fixed & Internet services. Founded in 1992, WIND Hellas has invested more than €2, 6 billion in network infrastructure and new technologies. Today Wind Hellas serves more than 4,5 million customers all over Greece
For Further Information Please Contact:
WIND Hellas Corporate Affairs
Phone: +30 693 2239560 & +30 693 2239366
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