mmO2 has confirmed that its Irish division has won a 3G licence. The licence is valid for 15 years and comes with a price tag of E44 million, plus another E69.7 million payable over the length of term of the contract.
mO2 has been quite a leader in the European 3G market and was the first operator to commercially launch the high-speed service in Europe – in the Isle of Man back in December 2001.
The company, which is Europe’s fifth largest mobile operator, has obtained the licenses under certain conditions. The network is required to cover at least a third of Ireland by June 30, 2005. Coverage must then be increased to 53% by 2008.