Latvian mobile network operator Tele2 Latvia has grabbed additional 2G spectrum following an auction by the Public Utilities Commission (PUC), db.lv reports. The cellco won the sale with a high bid of LVL303,100 (USD557,241), seeing off competition from rivals Bite Latvia and Latvijas Mobilais Telefons (LMT), the latter of which overtook Tele2 in June 2010 to become the country’s leading cellco by subscribers. The auction took place on 6 September, with bids starting at LVL20,000, and following its winning bid Tele2 will be handed spectrum in the 914MHz-915MHz and 959MHz-960MHz bands for a ten-year period. The spectrum acquisition is expected to allow Tele2 to examine new development opportunities, with Valdis Vancovics, Tele2 Latvia’s CEO, noting that the frequencies would allow the company to ‘increase network capacity … where there is a large [number of] voice calls and [high] data transmission load.’
According to TeleGeography’s GlobalComms Database, at end-June 2010 Tele2 Latvia had a subscriber base of 1.04 million, giving it a market share of 42.4%.