Greece raises €372M in 5G sale - Mobile World Live 16 DEC 2020
Vodafone Greece emerged as the top spender in a Greek auction of spectrum earmarked for 5G, which raised a total of €372.1 million after six rounds of bidding.
In a translated statement, regulator Hellenic Telecommunications and Post Commission said the sale was expected to yield “significant benefits” for the industry, paving the way for investment in critical infrastructure, and development of new products and services.
It tipped 5G to boost the country’s digital transformation, “improving business competitiveness, and contributing decisively to economic development and social prosperity”.
The auction covered spectrum in the 700MHz, 2GHz, 3.4GHz to 3.8GHz and 26GHz bands, with three bidders participating.