BT secures 40MHz of 3.4GHz spectrum

• BT secures 40MHz of 3.4GHz spectrum suitable for 5G services, strengthening EE’s mobile network leadership
• Spectrum won at £302.6m, prior to any assignment round payment
• EE mobile network already delivering 4G services to 90% of the UK geography – new 3.4GHz spectrum allows 5G plans to be put in motion

Marc Allera, CEO of BT’s Consumer Division, said:

“The acquisition of 40MHz of 3.4GHz spectrum positions us well for our launch of future 5G services and consolidates our position as one of the world’s leading providers of communications services.

“With this outcome, we’ll continue to roll out the fastest 4G service to consumers and businesses across the UK, and now look ahead to the potential new services that 5G will offer, keeping our nation at the forefront of digital communications.”

Notes to editors:

Please refer to Ofcom’s statement announcing the outcome of the auction.

BT confirms that it has won 40MHz of 3.4GHz at £302.6m (prior to any further assignment round payment to determine where the acquired spectrum is positioned within the band).

About BT

BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Consumer, EE, Business and Public Sector, Global Services, Wholesale and Ventures, and Openreach.

For the year ended 31 March 2017, BT Group’s reported revenue was £24,062m with reported profit before taxation of £2,354m.

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