Spanish 5G auction raises EUR 438 million

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(Telecompaper) Spain’s auction of 200 MHz of spectrum in the 3.6-3.8 GHz band for 5G use reached total bids of EUR 437.7 million, more than double the minimum EUR 200 million required, the Economy Ministry announced. Including accumulated interest payments over 20 years of EUR 542.1 million, plus spectrum-reservation fees of EUR 868.5 million, the grand total raised by the Treasury is expected to be EUR 1.41 billion.
Source: Industry News (syndicated from Telecompaper.com)

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