Monaco Telecom (MT) has announced that it has officially renewed its operating licence with the principality’s government. The new agreement sets out MT’s rights and obligations over the next five years, and forms part of MT’s long-running concession to operate telecoms services in Monaco – which runs until 2023. The renewed licence includes access to unspecified frequencies suitable for Long Term Evolution (LTE) technology; in April 2011 the telco conducted an LTE pilot project designed to coincide with the Monte Carlo Rolex Masters tennis tournament, demonstrating trial transmission speeds of up to 100Mbps. As previously reported by TeleGeography’s CommsUpdate, MT has selected Ericsson to roll out the 4G network, while the initial deployment of base stations have already been constructed in the Monegasque territory of Monaco. The renewed licence agreement was signed by Monaco’s Minister of State, Michel Roger and MT chief executive Martin Peronnet, with the latter commenting: ‘This new agreement shows the confidence that the government has in Monaco Telecom to deliver world class services to the people of Monaco. We are pleased to have signed the new agreement, and make the commitment to continue investing to keep Monaco’s essential communications services’.