Italian 5G tender comes to a close with EUR 6.55 bln raised

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(Telecompaper) Italy’s Ministry of Economic Development announced the completion of the national 5G spectrum tender, with the total amount raised after 14 days of competitive bidding coming to EUR 6.55 billion, more than USD 4 billion over the minimum reserve price of EUR 2.5 billion. The five companies vying for spectrum in the in 694-790MHz, 26.5-27.5GHz and 3.6-3.8GHz bands – Telecom Italia (TIM), Wind Tre, Vodafone, Fastweb and Iliad – ended up offering some 164 percent more than the value of the initial bids made on 11 September, due above all to the demand for spectrum in the 3.7GHz band, available from 01 January 2019, which raised a total of EUR 4.35 billion.
Source: Industry News (syndicated from Telecompaper.com)

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