Third cellco coming up on the inside

16 May 2008

New Zealand’s Ministry of Economic Development has reached agreements with Telecom and Vodafone to renew their cellular spectrum rights in the 800MHz and 900MHz bands in a deal that also paves the way for a third mobile operator to enter the market. As a condition of the NZD106 million (USD80.35 million) deal which will run for the next 20 years, Telecom and Vodafone are obliged to make some of the spectrum available to a new entrant. Both Telecom and Vodafone have completed sales of spectrum to NZ Communications, formerly Econet Wireless.