Moscow, Russian Federation – MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that VF Ukraine PrJSC, the Company's majority-owned subsidiary, which serves the Ukraine market and operates as Vodafone Ukraine, acquired a 4G license in the 1780-1785 / 1875-1880 MHz band as the result of a national auction. The cost of the license is UAH 742mln.
"We received an excellent resource, which is necessary to provide high quality 4G services in the country. Meanwhile, our investments in the budget of Ukraine are not limited with the purchase of licenses. Over the past three years, we made record-high investments in the infrastructure and are committed to sustain these levels by investing in the best 4G network in Ukraine. We also aim to develop new services, such as Internet of Things and Smart City technologies," commented Olga Ustinova, General Director of Vodafone Ukraine.
Earlier, on January 31, 2018, VF Ukraine PrJSC received a 4G license in the 2510-2520 / 2630-2640 MHz band. The cost of this license was UAH 631 mln.
The first 4G launch in the 2.6 GHz band in Ukraine’s largest cities could take place by the end of March or early April, provided Vodafone Ukraine receives the license. The operator aim to deploy full geographical coverage in Ukraine, following the receipt of its licenses in the 1800 MHz band in July 2018 and subsequent frequency reframing.
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For further information, please contact in Moscow:
Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/