Three acquires strong spectrum portfolio at lowest cost.
Speeds of up to 180 Mbps planned across the network.
Dublin, 15 November 2012 – Three, Ireland’s largest high speed network, today welcomed ComReg’s announcement in relation to the multi-band spectrum auction results. ComReg revealed that Three had won a strong portfolio of spectrum at the lowest portfolio price of 51.14 million euros. The allocation more than doubles Three’s current spectrum holding which will support Three’s strategy of continued investment in its network long-term, will improve network coverage nationwide (indoor and outdoor) and enable speeds of up to 180 Mbps.
Robert Finnegan, CEO of Three Ireland commented: “We are delighted with the outcome of the auction – it gives us the best of both worlds, a strong portfolio at the best price. Our strategy was to acquire a flexible mix of spectrum that would allow us to continue to be Ireland’s leading high speed network at the lowest cost. This result will enable the roll-out of new technologies such as LTE with speeds of up to 180 Mbps but also allows us to continue to invest in our network going forward.
Robert added: “Three’s network was built for data, we do not have to support old GSM handsets and legacy technologies in the same way as the old networks, so we do not need the same mix of spectrum. The 51.14 million euros price tag means we are in a very good position to continue to offer the very best value to consumers and the best service.”
Today’s announcement also confirmed that Three’s portfolio of spectrum has increased more than any other operator with an addition of 25MHz, whereas the old networks saw a far smaller increase of 10MHz by 02, 10MHz by Meteor and 20MHz by Vodafone. Benefiting from four blocks of 1800 MHz, Three will be able to roll-out high speeds of up to 180 Mbps and its allocation of sub-1GHz will boost rural coverage and provide enhanced 3G services.
In addition to Three’s spectrum portfolio, the company also recently announced a network infrastructure sharing agreement with Vodafone that will increase network coverage nationwide to over 2000 sites and provide further cost efficiencies that will support the rapid roll-out of new services such as LTE.
For more information, see ComReg.ie for their full announcement.
Rachel Channing, PR and Communications Director, Three Ireland
Contacts: + 353 830 02 85 18
+ 353 833 00 00 33
Notes to Editors
See ComReg.ie for the full news release.
A bit about Hutchison Whampoa
A bit about Three
*based on the geographical coverage of Three’s HSPA+ network in the Republic of Ireland.
Follow us on Twitter: www.twitter.com/@3_news
Follow us on Facebook: www.facebook.com/3Ireland
Follow us on Youtube: www.youtube.com/threeireland