Telekom Slovenije d d : The conclusion of the public auction for awarding radio frequencies for providing public communication services to end users
April 16, 2021 at 02:13 pm EDT
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Ljubljana,
Friday, April 16, 2021
The conclusion of the public auction for awarding radio frequencies for providing public communication services to end users
Telekom Slovenije, d.d., is pleased that the auction is completed, as the frequency spectrum we obtained allows us to continue pursuing our development plan.
Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and the valid legislation, Telekom Slovenije, d.d., Cigaletova 15, Ljubljana, hereby informs the public that at the public auction for awarding radio frequencies for providing public communication services to end users it obtained radio frequency spectrum in the 700 MHz FDD band, 700 MHz SDL band, 1500 MHz band, 2100 MHz band, 3600 MHz band and the 26 GHz band for which it shall paid a total of EUR 52,078,177.00.
Telekom Slovenije, d.d., is pleased that the auction is completed, as the frequency spectrum we obtained allows us to continue pursuing our development plan. During the auction, we obtained all the needed and planned frequency spectrum, which will allow us to continue providing residential users, businesses, and operators who use national roaming on our network with cutting-edge services and solutions with the best user experience. We will upgrade our current national 5G network, which we were the first in Slovenia to launch in October last year, and which already has more than 32% population coverage. 5G is an important foundation of the modern digital society, which Telekom Slovenije, d.d., is actively helping to establish. Our network guaranties residential users and business the most advanced and safest future, and the newly obtained spectrum will also provide continued development for all stakeholders in Telekom Slovenije Group's ecosystem.
This allows Telekom Slovenije, d.d., to strengthen its position of the leading and most advanced provider of comprehensive ICT services and solutions on the Slovenian market, while also growing the company value for our shareholders.
This announcement will also be available on the company's website (www.telekom.si) for a period of at least 5 years.
Management Board, Telekom Slovenije, d.d.
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Telekom Slovenije dd published this content on 15 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 18:12:00 UTC.
Telekom Slovenije dd is a Slovenia-based company engaged in the provision of telecommunication services. The Company provides fixed and mobile communications, system integration and cloud computing, construction and maintenance of telecommunication networks, digital content and services, multimedia, digital advertising. It operates under the brands Mobitel and SiOL. The Companyâs services and products include business bundles, Centreks, Moneta, M vrata, among others. The Company is active in Slovenia, Kosovo, Macedonia, Bosnia and Herzegovina, Croatia, Montenegro and Gibraltar. On November 6, 2013, the Company concluded the transaction of transferring a 100% stake in the capital of PRIMO Communications SHPK to AD-Trade SHPK, Albania. The Companyâs major shareholder is Slovenska odskodninska druzba dd with a stake of 72.75%.