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RNS Number : 5413S

BT Group PLC

17 March 2021

17 March 2021

BT's mobile business, EE, wins 80MHz of 5G spectrum

Spectrum won at GBP452m prior to assignment round

Following the principal stage of Ofcom's 5G auction, EE has secured new 700MHz and 3.6-3.8 GHz spectrum.

Marc Allera, CEO Consumer said: "EE has secured vital new spectrum in this auction which, when rolled out into the network, will allow us to grow our position as the UK's number one 5G network. EE was first to launch 4G and 5G, and this auction outcome is great news for our network, our customers and BT."

Low band 700MHz spectrum is widely seen as crucial for reach and indoor coverage, providing a wider and better customer experience. Mid-range 3.6GHz spectrum will help deliver greater capacity and speed, both vital elements for the growing use cases associated with 5G technologies.

The Spectrum Auction now moves to a second stage, to work out where the acquired spectrum will be assigned within the band. The full commercial terms will only be finalised at the end of this assignment stage of the auction.

Full details of the spectrum EE has won are shown in the table below:

 
 Spectrum on offer             EE secured       As a % of   Price       Cost 
                                                 spectrum    paid per    to EE 
                                                 on offer    lot         Limited 
 60MHz of 700MHz spectrum      2 lots of        33%         GBP140m     GBP280m 
  band in six lots of 2x5MHz    2x5MHz 
  FDD(1)                        (2 x 10MHz) 
 20MHz of 700MHz spectrum      4 lots of        100%        GBP1m       GBP4m 
  band in four lots of          5MHz 
  5MHz SDL(2) (downlink 
  only) 
 120MHz of spectrum in         8 lots of        33%         GBP21m      GBP168m 
  the 3.6-3.8GHz band in        5MHz 
  24 lots of 5MHz               (40Mhz total) 
                                                            Total       GBP452m

(1) FDD - Frequency division duplex

(2) SDL - Supplemental downlink

   -       Ends    -

Enquiries

 
 External communications: 
 Tom Engel                  Tel: 020 7356 5369 
 Investor relations: 
 Mark Lidiard               Tel: 020 7356 4909

About BT

BT Group is the UK's leading telecommunications and network provider and a leading provider of global communications services and solutions, serving customers in 180 countries. Its principal activities in the UK include the provision of fixed voice, mobile, broadband and TV (including Sport) and a range of products and services over converged fixed and mobile networks to consumer, business and public sector customers. For its global customers, BT provides managed services, security and network and IT infrastructure services to support their operations all over the world. BT consists of four customer-facing units: Consumer, Enterprise, Global and its wholly-owned subsidiary, Openreach, which provides access network services to over 650 communications provider customers who sell phone, broadband and Ethernet services to homes and businesses across the UK.

For the year ended 31 March 2020, BT Group's reported revenue was GBP22,905m with reported profit before taxation of GBP2,353m.

British Telecommunications plc is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

For more information, visit www.bt.com/about

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March 17, 2021 03:15 ET (07:15 GMT)

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