Net 1 wins 450MHz spectrum auction

Telecoms regulator the Swedish Post and Telecom Agency (Post & Telestyrelsen, PTS) has renewed the licence of Netett Sverige (Net 1 Sweden) for spectrum in the 450MHz band, which expires in March 2020, following an auction. The company placed a bid of SEK91.3 million (USD11.4 million), but as per the PTS’ auction rules it will pay the price offered by the second-highest bidder (Telia with SEK40.2 million). The company will continue to utilise 2×5MHz (452.5MHz-457.5MHz/462.5MHz-467.5MHz) in the band until 31 December 2044.