more than 6.5 billion euros with auction 5g frequencies

Oct

3

2018

Italian government raises

The Italian government raised a total of 6.55 billion euros with a 5g auction. That amount is more than twice as high as the Italian Ministry for Economic Development took into account. The auction lasted about two weeks.

The total proceeds of 2.5 billion euros were assumed, but this was amply exceeded with the final 6.55 billion euros. Vodafone Italy and Telecom Italia each pay 2.4 billion euros and newcomer Iliad accounted for 1.19 billion. The company Wind Tre paid 517 million and Fastweb of Swisscom AG 32.6 million.

Vodafone Italy paid a total of 1.69 billion euros for an 80MHz block of the sought-after 3.7 GHz band and has been licensed for it for the duration of nineteen years from January next year. Furthermore, the provider paid 683 million euros for two 10Mhz blocks in the 700MHz band; the license for this applies from July 2022 and has a duration of 15.5 years. Finally Vodafone paid 33 million for a 200MHz block in the 26GHz band.

As newcomer, Iliad was the only one entitled to obtain three of the six blocks in the 700Mhz band. Before that, the company offered 676.5 million euros. In addition, Iliad pays almost € 484 million for a block in the 3.7Ghz band and € 32.6 million for a block of 200Mhz in the 26GHz band.

The auction for the 5g frequencies in the Netherlands will probably still take a while. In June it turned out that the Ministry of Economic Affairs was not yet ready for the auction and already called the time at the end of 2019 as ‘ambitious’. One reason for this is the fact that there is no definitive conclusion about the intended takeover of Tele2 Netherlands by T-Mobile.

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In: A Technology & Gadgets Asked By: [23633 Red Star Level]

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