Ice Group awarded 3,600 MHz frequencies in Norway

Ice Group ASA’s subsidiary Ice Communication Norge AS has been awarded valuable frequency blocks in the 3,600 MHz band in this week’s frequency auction organised by the Norwegian Communication Authority (“Nkom”). The frequencies will be highly valuable for the build-out of 5G and for securing the third nationwide mobile network in Norway for the coming years.

In the frequency auction, Ice Group was awarded 80 MHz in the 3,600 MHz band. The frequencies are valid from 1 January 2022 until 31 December 2041. The 80 MHz was awarded to Ice Group for NOK 554 million, a sum that may be paid down over 20 years.

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.