to lease 5MHz block of 900MHz spectrum from Tele2 Norway

2 Oct 2014

Norwegian mobile network operator has entered into an agreement to lease a 5MHz block of 900MHz spectrum from Mobile Norway, which is owned by Tele2 Norway. As per the agreement between the two companies, Tele2 Norway will grant the use of the frequencies in question to between 1 October 2014 and 1 April 2015. In addition, under the terms of the deal has also agreed to purchase parts of Tele2 Norway’s mobile network infrastructure, should the latter’s acquisition by TeliaSonera be approved by local competition authorities. No financial terms of the agreement have been disclosed.