As a result of the transaction, Optus now holds 98MHz of spectrum in the 2.3GHz band across key population areas, which it says gives it the highest capacity of any network in the country.
In preparation for a major national LTE-TDD network rollout in 2013, Optus will now build two major LTE-TDD testing facilities in St Marys in Western Sydney and at the Optus Campus in Macquarie Park. .
The rollout will act as an enhancement to Optus' existing 4G network, which was launched in Newcastle and the Hunter region of New South Wales in April 2012 and will be expanded to capital cities including Sydney, Melbourne and Perth by middle of the year.
Kevin Russell, Chief Executive Officer, Consumer Australia, said, "The successful completion of the Vividwireless deal reinforces our commitment to being a leader in 4G and in providing Australians with a range of high speed mobile services. This is an important step in our vision to lead the industry in customer experience by delivering relevant content and applications anywhere, on any device."
Optus has received ACCC and FIRB approval for the acquisition and has been advised by the ACMA of its willingness to reissue key Vividwireless licences in accordance with the Radiocommunications (Spectrum Access Charges) Direction 2012.
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