Luxembourg taps €41m from 5G auction
July 24, 2020
By Chris Forrester
Luxembourg has raised more than €41 million from the 4 bidders for the tiny nation’s 5G licences.
Overall the new licence holders will pay €41.3 million for 15-year operational licenses in the 3.6 GHz band.
Luxembourg’s three main existing operators secured most of the spectrum with Post and Orange each taking 110 MHz each while Proximus Luxembourg acquired 100 MHz.
The fourth player in the bidding process is Luxembourg Online which secured 10 MHz. A fifth player, Eltrona did not enter the auction.
Luxembourg’s regulator said there were 38 rounds of bidding which wrapped on July 18th.
Other posts by :
- SES warns of risks for airlines adopting Starlink
- Starlink facing backlash in South Africa
- China wants 200,000 satellites
- Bank raises view on AST to $100
- Frost & Sullivan cites Hughes as #1
- Verizon cutting prices
- ScotiaBank confuses market over AST SpaceMobile
- EchoStar gains bank support
- SpaceX complains to FCC over AST SpaceMobile