LMT secures 5G-compatible spectrum

11 Dec 2017

Latvian telecoms watchdog the Public Utilities Commission (Sabiedrisko Pakalpojumu Regulesanas Komisija, SPRK)has announced the results of its November spectrum auction for frequencies in the 3400MHz-3800MHz range, which the regulator has made available for the provision of 5G services. Latvijas Mobilais Telefons (LMT) was the only participant in the tender and secured the two 50MHz blocks that were put up for sale – at 3400MHz-3450MHz and 3650MHz-3700MHz – for the reserve price of EUR250,000 (USD294,210) apiece. The concessions are valid for ten years, from 1 January 2019 to 31 December 2028.

Latvia, Latvijas Mobilais Telefons (LMT)