Vodafone, Wind to pay at least EUR93m each for 900MHz renewal

22 Jul 2011

Greece’s telecoms regulator EETT has set a minimum price for renewal of 900MHz band mobile frequencies, ahead of the licences held by GSM operators Vodafone Greece and Wind Hellas expiring in September 2012. Each 2×5MHz block will be auctioned at a starting price of EUR46.5 million (USD66.4 million), meaning both cellcos must pay at least EUR93 million each to renew their 2×10MHz allocations. A fifth block of 900MHz spectrum is also planned for release by the defence ministry, and the debt-burdened government aims to raise EUR232 million from the auction, whilst also considering offering two additional 2×7.5MHz blocks to Vodafone and Wind for around EUR140 million to ensure the continuity of their operations, reports Telecompaper quoting Kathimerini.gr.