Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

EU plans to coordinate a key mobile spectrum in Europe

Published 02/02/2016, 09:50 AM
Updated 02/02/2016, 10:01 AM
© Reuters. European Union flags flutter outside the EU Commission headquarters in Brussels

By Foo Yun Chee and Robert-Jan Bartunek

BRUSSELS (Reuters) - European Union regulators proposed on Tuesday to roll out a key mobile spectrum across the 28-nation bloc to improve access to internet services and technologies, including in remote areas.

Currently, EU nations have different approaches to managing radio frequencies.

"This band is the sweet spot for both wide coverage and high speeds. It will give top-quality internet access to all Europeans, even in rural areas, and pave the way for 5G, the next generation of communication network," EU Commissioner Andrus Ansip said in a statement.

The 700 MHz band can penetrate buildings and walls easily and cover larger geographic areas with less infrastructure compared with frequencies in higher bands.

The proposal will need approval from the European Parliament and EU countries, with the process expected to take around a year.

The Commission wants the frequency assigned to wireless broadband by June 2020 in all EU countries. It expects mobile internet traffic to have increased eight times by that date.

The 700 MHz band is widely used for television signals, with the EU proposal splitting the spectrum to make it useable for audiovisual as well as data transmissions.

Only France and Germany have allowed the use of this spectrum for mobile services, while Britain, Denmark, Finland and Sweden plan to do the same in the coming years.

Industry groups reacted positively to the proposal, saying it would improve efficiency.

© Reuters. European Union flags flutter outside the EU Commission headquarters in Brussels

"With spectrum harmonisation citizens will enjoy even higher-quality broadband and telecom operators will be able to cover wider areas for the benefit of all users," said Lise Fuhr Director General of European telecoms lobby ETNO.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.