FRANKFURT(Reuters) – Germany raised 6.55 billion euros ($7.4 billion) from its 5G mobile spectrum auction, the Federal Network Regulator (BNetzA) said on Wednesday after a near three-month battle that will see a fourth operator enter the market.
FILE PHOTO: An employee of Germany’s Federal Network Agency (Bundesnetzagentur) uses his mobile phone in front of a screen set up for the auction of spectrum for 5G services at the Bundesnetzagentur headquarters in Mainz, Germany, March 18, 2019. REUTERS/Kai Pfaffenbach
The sum pledged in a record 497 rounds of bidding for the 41 blocks on offer was more than analysts had expected, while operators complained that the price they were paying would sap their ability to invest in next-generation networks.
“The auction leaves a bitter aftertaste,” said Deutsche Telekom’s Germany chief Dirk Woessner. The market leader bid 2.17 billion euros for 130 Megahertz of the 420 MHz of spectrum being allocated in the 2 Gigahertz and 3.6 GHz…