Mobilkom buys Telefónica’s 3G licence

5 Jan 2004

Mobilkom has acquired the UMTS licence awarded to Telefónica subsidiary 3G Mobile Telecommunications (3G Mobile). The deal gives Mobilkom the right to use 3G Mobile’s two UMTS frequency blocks amounting to 9.8MHz, taking its total to 19.8MHz over four blocks. The takeover, which was approved by Austrian regulator, the TCC, prior to Christmas, carries a condition that Mobikom sell one of its four frequency blocks by 31 January 2005.