Bloomberg News

3 Italia Gets 25% of LTE Frequencies for 305 Million Euros

September 29, 2011

Sept. 29 (Bloomberg) -- 3 Italia SpA said it got 25 percent of the frequencies for the fourth-generation wireless services based on so-called long-term evolution, or LTE, technology auctioned by the Italian government.

3 Italia is paying 305 million euros for the bands, according to an e-mailed statement today.

“The frequencies we acquired are completely adequate for the rollout of the LTE infrastructure and to support the data traffic volumes that will be needed by the market for many years to come,” Chief Executive Officer Vincenzo Novari said in the statement.

To contact the editor responsible for this story: Chiara Remondini at cremondini@bloomberg.net


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