17 March 2021 | 07:24am
StockMarketWire.com - Telecoms giant BT said its mobile business, EE, had won 80MHz of 5G spectrum following an ofcom auction.
The total cost to the company comprised of £452 million comprising of £280 million for 60MHz of 700MHz spectrum band in six lots of 2x5MHz FDD1; £4 million for 20MHz of 700MHz spectrum band in four lots of 5MHz SDL2 (downlink only) and £168 million for 120MHz of spectrum in the 3.6-3.8GHz band in 24 lots of 5MHz.
'The spectrum auction now moves to a second stage, to work out where the acquired spectrum will be assigned within the band, the company said.