Media Release
20 February 2012
Optus to build faster 4G network with acquisition of Vividwireless
Optus today announced that it has entered into a conditional
agreement to acquire Vividwireless Group Limited (which
operates under the vividwireless and unwired brands) from
Seven Group Holdings (SGH), for an expected cash
consideration of A$230 million.
Through the acquisition, Optus will also gain access to up to
98MHz of spectrum in the 2.3GHz band, a band already used by
some of the world's leading operators to provide 4G
services.
Optus plans to use this spectrum to build a new 4G network
using LTE-TDD technology. This new network will deliver
wireless broadband to households and businesses in
metropolitan Australia with typical download speeds ranging
from 25Mbps to 87Mbps* - twice as fast as existing
competitive 4G services. It will be integrated with Optus'
1800MHz 4G network, which will be launched in Newcastle and
the Hunter region of New South Wales in April 2012.
Paul O'Sullivan, Optus Chief Executive said "The acquisition
of Vividwireless will give Optus a significant increase in
network capacity to address the next wave of data growth that
is just around the corner. By integrating it with our current
4G rollout (in the 1800MHz band), we will be able to provide
increased mobile speeds to our customers in metropolitan
Australia."
Peter Gammell, Chief Executive Officer of Seven Group
Holdings said, "We are proud of our achievements with
Vividwireless. For Seven Group Holdings this sale recognises
value for the investment we've made in Vividwireless. Optus'
expertise will allow the business to grow into the future and
take the pioneering work we've done in 4G to the next
level."
"Optus was born out of a desire to provide choice and
competition to Australians for telecommunications services.
Today's announcement demonstrates our commitment to being a
leader in 4G and in providing Australians with a range of
high speed mobile services. This is an important step in our
vision to lead the industry in customer experience by
delivering relevant content and applications anywhere, on any
device," Mr O'Sullivan said.
The agreement includes the transfer of Vividwireless'
operating businesses, customer bases, spectrum licences and
4G network.
The successful completion of the transaction is subject to a
number of conditions, including the reissue of Vividwireless'
2.3GHz spectrum licence and approval from the ACCC and FIRB.
The acquisition will be funded from internal sources of funds
and debt.
* Based on a two month trial of LTE-TDD conducted by
Vividwireless in early 2011. The speed range quoted is
the
25th - 75th percentile.
Media contacts:
Liz Greene/Joshua Drayton Optus Corporate Affairs Tel: (02)
8082 7850
distribué par | Ce noodl a été diffusé par Seven Group Holdings Limited et publié initialement sur http://www.sevengroup.com.au. Il a été distribué par noodls le 2012-02-21 00:07:23 AM sans aucune modification. L’émetteur est seul responsable de l’exactitude des informations fournies. |