U:fon sold to Nordic Investors

U:fon, the Czech’s fourth MNO, has been sold to Nordic Investors. Air Telecom, which was the owner of the operator, has sold the shares, however, the value of the transaction has not been revealed publicly. Air Telecom operates its own mobile CDMA network under the brand U:fon, which focuses on mobile internet services. The CDMA network signal (at 410-430 MHz) covers almost 90% of the Czech's population granting a maximum data transfer speed of 3.1 Mbps. The operator also offers mobile services via GSM/3G networks based on the national roaming agreement with T-Mobile Czech Republic.

Air Telecom has recently announced that it plans the migration towards LTE within a year, what would mean improving transfer speeds substantially up to 30 Mbps. Air Telecom claims that given the LTE network would run in the 400 MHz band besides fast internet and VoLTE also smart services such smart home, smart city, etc. would be feasible.

U: fon has been providing mobile services in the CDMA technology since 2007. Its first owner was MobilKom, which belonged to Penta Investments. In 2011 Penta sold MobilKom to Divenno Holdings Ltd. Air Telecom bought U: fon in 2012.