Tele2 secures new spectrum to strengthen connectivity throughout Lithuania
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) has secured new spectrum in Lithuania in the 700 MHz and 1500 MHz bands and renewed its existing spectrum in the 2100 MHz band in the spectrum auction organised by the Communications Regulatory Authority of the Republic of Lithuania (RRT), at a total investment of EUR 9.8 million, of which EUR 4.6 million is to be paid this year.Tele2’s 4G network covers 99.9 percent of Lithuania's territory with over 1,600 base stations. Meanwhile, the 5G network already reaches 90.2 percent of the Lithuanian population, and the new