Vodafone Group PLC on Thursday said that its Turkish subsidiary has bought 5G spectrum for a total of $627 million, or £466.7 million.
The Berkshire, England-based telecommunications provider made the purchase through Vodafone Turkey at an auction by the Turkish telecommunications regulator.
It will help ‘drive the country’s digital transformation, with 5G services expected to be launched during 2026,’ according to Vodafone.
The acquisition is for 100 megahertz of spectrum, including two sets 10 megahertz in the 700 megahertz band, and 80 megahertz in the 3.5 gigahertz band.
The spectrum will be available from April 2026, with the licence expiring at the end of 2042. Vodafone Turkey will pay via instalment over three financial years, starting with an with an initial $209 million in January. Two further payments of the same amount will be due in December 2026 and May 2027.
Additionally, the company has agreed terms to renew existing spectrum licences which were due to expire in 2029. This will see Vodafone Turkey pay an annual licence fee to retain its spectrum. The fee is set at 5% of mobile service revenue, Vodafone said, and applies to all operators in the region.
The purchase in Turkey follows an announcement from UK network regulator Ofcom earlier on Thursday, that Vodafone and its peers Virgin Media 02 and EE will pay £13 million each for spectrum rights. Each operator will acquire rights for 800 megahertz of spectrum in the 26 gigahertz band and one gigahertz in the 40 gigahertz band.
Vodafone shares traded flat at 85.44 pence on Thursday afternoon in London.
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