Teliasonera buys 4G licenses in Finland

Reuters News
Posted: Oct 30, 2013 9:39 AM
Teliasonera buys 4G licenses in Finland

STOCKHOLM (Reuters) - Nordic telecom operator Teliasonera has bought 4G licenses in Finland for 41.2 million euros ($567 million) to boost coverage in the country, the company said on Wednesday.

"The new frequencies will enable a significant increase in 4G coverage and constitute an important step in creating Finland's most extensive mobile broadband network," Teliasonera said in a statement.

The license auction was held by Finland's Ministry of Transport and Communications. ($1 = 0.7262 euros)

(Reporting by Sven Nordenstam)