Telia spends €7m on 5G frequencies in Finland
Telia in Finland has invested €7 million on 5G frequencies in the 26GHz band.
The new comes as Finland’s Ministry of Traffic and Communications has announced the results of the frequency auction that begun on 8 June, during which Telia in Finland won an 800MHz frequency block on the 26GHz band.
The new frequencies enable high speed 5G connections with gigabit speeds for both consumer and business customers.
It is particularly well suited to services that require critical connections with minimal latency, for example smart traffic and industrial areas, like ports, power plants and industrial parks.
Additionally, they help bring capacity to large events and offer an alternative for super-fast broadband connections in densely populated urban areas.
Telia in Finland launched 5G services on October 2019, on the lower 3.5GHz frequency band. To date, the company has rolled out 5G services in over ten Finnish cities.
Licenses for the 26GHz band are valid for thirteen years as of 1 July 2020, and the cost of the new frequency blocks is €7 million including the administrative fees for the auction.
Telia will pay Traficom in five instalments over a five-year period.
In related news, Telia Company and Ericsson switched its 100% renewable-powered 5G network in Stockholm last month, ahead of the commercial launch of 5G services.
Using Ericsson’s Radio Access Network (RAN) products, the network was inaugurated over the weekend and currently includes 15 base stations, with 60 new stations to be added next month as coverage increases.