Cosmoline loses WiMAX licence

15 Mar 2011

Greek telecoms regulator the National Telecommunications & Post Commission (EETT) has revoked the 3.5GHz WiMAX broadband fixed wireless access licence owned by Cosmoline, after the operator failed to pay its licence fee in full. According to Telecompaper, Cosmoline had defaulted on a payment of EUR4.1 million (USD5.7 million) due in August 2009, the final instalment of the EUR20.5 million asking price of its 3.5GHz licence won via a tender process launched by the EETT in August 2006. The authority added it had repeatedly issued written reminders to the operator, which also received an extension of the deadline to roll out a WiMAX network, but Cosmoline failed to launch the service. The EETT intends to pursue legal action to recover the outstanding licence fee amount.

Greece, Cosmoline