Three Invests in 5G Network
Three invests Â£125 million on network upgrades and new IT to support 5G rollout.
19:44 09 August 2018
Network operator Three has spent an additional £125million on network upgrade and new IT to support the potential roll out of 5G. The company has also already spent £151.3million on 20MHz of the 5G-ready spectrum earlier this year.
In a statement, Dave Dyson, the chief executive of Three UK, said: “Over the course of 2018, we will accelerate the rollout of our 5G network and the opportunity this brings to both our existing and prospective base of customers and partners,”
“All the key components that are needed for a successful 5G service have been procured over the last few years and I am excited by the prospect of trialling 5G soon, working together with our new IT and Core network infrastructure.”
Dyson has also confirmed that the company’s revenue is up by 2per cent this year and earnings have increased by 7per cent to hit £364million. He also revealed that in the first six months of 2018, their number of subscribers has increased by 6per cent to hit 10.1million.