Renberg Investments granted 3G license in Estonia

December 18, 2006

On the 12th of December 2006 the Estonian National Communications Board abrogated its decision to declare as a winner of public competition for grant of the fourth frequency authorisation for 3G mobile telephone network a private limited-liability company Grosson Capital, since the declared bid price hasn't been received yet by the Republic of Estonia. The Estonian National Communications Board has declared as a winner of the public competition a private limited-liability company Renberg Investments whose bid was the next, according to estimation conditions of public competition.

The main estimation criteria of the public competition was bid price, and the price offered by the winner was 100 100 000 kroons. Other bids were submitted by private limited-liability companies Renberg Investments (bid price 93 000 001 kroons), RealGroup Systems (bid price 82 000 010 kroons) and ProGroup Holding (bid price 71 000 100 kroons). The base price for the frequency authorisation was 70 millions kroons.

The frequency authorisation for 3G mobile telephone network gives a right for the use of radio frequencies for constructing and developing of Universal Mobile Telecommunication System - UMTS. In 2003 the Estonian National Communications Board had granted three frequency authorisations by direct offer to the public limited companies EMT, Elisa Mobiilsideteenused and Tele 2 Eesti and these companies couldn't participate part in the recent public competition.