“Details regarding the joint venture and the development of the Belgian project will be made available by the Company at appropriate stages. The joint venture will use 700 MHz, 900 MHz, 1800 MHz, 2100 MHz and 3600 MHz frequency bands allowing it to build a new (fourth) national mobile network,” the Digi Communications said in a report to the Bucharest Stock Exchange.
The total price that the parties of the joint venture will pay for the frequency user rights is EUR114,330,000. The amount can be paid in installments during the lifetime of the frequency rights. The frequency bands will be finally allotted through a decision to be made by BIPT soon.
BIPT’s decision will allow the Digi Group to expand its business on the Belgian market, in order to provide high quality affordable telecommunication services, based on the latest technologies.
(English version by Loredana Fratila-Cristescu)