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KPN acquires valuable new spectrum in German auction, doubling total amount for E-Plus

Den Haag, 20-5-10

Today, the German spectrum auction for a total of 359.2MHz of frequencies has ended.
In line with the company’s expectations, KPN’s subsidiary E-Plus has been able to obtain a valuable combination of spectrum in various bands without additional rollout obligations.
The company’s value-driven approach has resulted in the acquisition of 70MHz of frequencies (19% of the auctioned amount) for a consideration of € 284m and this doubles the amount of spectrum for E-Plus. The company is particularly pleased with obtaining 2 additional blocks in the 2.1GHz band, resulting in 40MHz of adjacent spectrum. This additional spectrum can be used immediately in the current roll-out of HSPA+ and for upgrading to LTE in the future.
The acquired spectrum will decrease the cost for planned capacity and coverage increase in the years to come. It furthermore opens the scope for new and innovative services for E-Plus’ customers as well as for more value-creating partnerships.