Today, the Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that its Croatian subsidiary Vipnet has acquired 2 x 3 MHz and 2 x 4.8 MHz of the 1800-MHz spectrum band for a total amount of EUR 18.6 mn.
The new spectrum will be used to strengthen Vipnet's 4G network. Vipnet already holds 2 x 29.4 MHz in the low frequency band (below 1 GHz), 2 x 25.0 MHz in the high frequency band (above 1 GHz) as well as 5.0 MHz TDD spectrum.
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