April 15, 2014 / 8:35 AM / 3 years ago

Telekom Austria extends Bulgarian spectrum for 30.6 mln euros

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VIENNA, April 15 (Reuters) - Telekom Austria's Bulgarian unit Mobiltel has extended for 10 years its existing blocks of mobile frequencies at a cost of 30.6 million euros ($42.3 million), the company said.

In addition to the one-off cost, the unit will pay an annual spectrum fee of 2.2 million euros, it said in a statement on Tuesday.

$1 = 0.7238 Euros Reporting by Michael Shields; editing by Jason Neely

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