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Ice Group awarded 450 MHz license in Norway

3 May 2019

Oslo, 3 May 2019 – Ice Group ASA’s ("Ice Group") subsidiary company Ice Norge AS has been awarded the Norwegian Communication Authority’s frequency for the sole national license of 2 x 5 MHz in the 450 MHz band.

Ice Group will pay a consideration of NOK 5 million for the rights to the license, which is valid for 20 years from 1 January 2020 to 31 December 2039.

“No Scandinavian operator knows the 450 MHz band better than we do. When you consider the cost of frequency spectrum from previous auctions in Norway and abroad, and our extensive experience from operating 450 MHz networks, we firmly believe this is a good investment for us,” says Eivind Helgaker, CEO of Ice Group.

With 75 percent geographical coverage of Norway, Ice Group already exceeds the license requirement of 30 percent geographical coverage.

The 450 MHz frequency is characterised by superior coverage over large geographical areas. Hence, it is particularly well suited for nations such as Norway where the population is spread across large geographical distances. The frequency band’s coverage capabilities also mean fewer base stations, which in turns translates to lower operational expenditure.

Ice Group is today Norway’s third largest provider of wireless broadband services.

“We have over the past decade proved that we can offer customers across Norway, including those living in remote parts of the country, a competitive wireless data service with the best geographical coverage. In addition, we have become a key supplier to companies and organisations that depend on machine-to-machine services across all of Norway, for example the Norwegian Police and nationwide train operator Vy. We will continue to develop our offering under the new 20-year license period,” says Eivind Helgaker.

In addition to the winning bid price of NOK 5 million, Ice Norge AS will pay an annual frequency fee (for 2019 NOK 1,302,00 per MHz, total NOK 6,510,000) for the rights to the license, plus an annual sector fee (for 2019 NOK 675,494 per 2 x 5 MHz block). The frequency fee and sector fees can increase next year.

Ice Group is also Norway’s third largest mobile network operator and provider of wireless data, voice and messaging services. Such smartphone-related services are offered across spectrum in the 800, 900, 1,800 and 2,100 MHz frequency bands, where Ice Group is challenging the incumbents of Telenor and Telia.

ENDS

For further information, please contact:

Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 930 45 389

Media: Reynir Johannesson, communication director, Ice Norway, tel: 465 48 595, email: reynir.johannesson@ice.no

About Ice Group ASA

Ice Group is a telecommunications company with nationwide networks in Norway and Denmark. In Norway, the company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. Ice Group also offers mobile broadband, m2m and IoT services in Denmark through its own network. For more information, see www.icegroup.com.

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For media enquiries to Ice Group, please contact:

Endre Aaberg Johansen - Corporate Communications AS
Tel: +47 41 61 06 05
Email: endre.johansen@corpcom.no