AINMT secures additional 450 MHz spectrum in the Philippines

14 November 2016 – AINMT's subsidiary in the Philippines, Broadband Everywhere ("BE"), has secured additional nationwide spectrum in the 450 MHz band.

BE has been informed by the National Telecommunications Commission that it has secured the exclusive right to use 10MHz in the 450 MHz frequency band. Earlier this year AINMT increased its shareholding in BE.

Securing the full 2x5MHz (compliant with 3GPP standard) will lead to improved utilisation of the network and better economics.

“BE is now in a great position to build a profitable 4G network that provides wireless internet access for business and residential customers as well as the M2M/IoT market. BE's aim is to become the leading 4G coverage network in the Philippines,” says JD Fouchard, CEO of AINMT.

The Philippines has a population of approximately 100 million people and consists of 7,107 islands with a total land area of 300,000 square kilometres.

ENDS

For further information, please contact:

Investors

Johan Michelsen, CFO, AINMT Holdings AB, +47 410 87 000

Media

Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: endre.johansen@corpcom.no