5G frequency auctions

5g

Spain Will Auction Frequencies For 5G For A Minimum Of €1.17 Bn

Last week the government published the terms and conditions for the 5G auction to be held in Q1 21. Eight frequency blocks (700 MHz) will be bid on with a total starting price of 1,170 million euros, a one-off payment and a 20-year usage period. Obligations of 100% coverage are established for populations of more than 20,000 inhabitants in a period of 3 years, equivalent to providing service to 70% of the population. In addition, coverage will have to be given to highways, freeways and high-speed train stations.