Spain: 5G Auction Begins
Telefónica, Orange and Vodafone will from Tuesday bid in the auction for frequencies in the 700 MHz band, essential for the take-off of 5G. The fourth operator, Más Móvil – which is taking over Euskaltel in a 2 billion euro deal – has finally dropped out of the auction. The tender is a year late, due to the pandemic, which led the government to postpone the event at the request of the telecoms themselves. The latter made almost twenty allegations and have obtained an extension of the award deadlines and a reduction in the price. It was initially 1.17 billion euros and has been reduced to 995 million, a 15% cut.