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Stock impact report

Spain ends 5G radio auction after telcos win 1 bln euros in frequencies [Reuters]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
5G mobile data services, leaving some of the blocks on offer unsold, the Economy and Digital Affairs Ministry said. The three operators admitted to the auction that started on Tuesday - Orange, Telefonica and Vodafone - together paid 1.01 billion euros ($1.19 billion) for blocks belonging to the paired 700MhZ band. But there were no bidders for any of the three blocks of 5MhZ offered on the non-paired band, meaning the auction's reapings fell further short of an initial 2.1 billion euro goal set in Spain's public budget for this year. In May, Spain had sought to encourage participation in the twice-delayed auction, cutting prices by an average of 15% and removing the obligation to grant third-party operators access to the infrastructure. Vodafone and Telefonica each acquired a 2x10MhZ band to expand their 5G services. Telefonica, which accepted more exacting conditions for its 5G rollout, paid 310 million euros compared to Vodafone's 350 million. Orange won two bands of 2x5M Show less Read more
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