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Stock impact report

Swiss auction for 5G frequencies poised to kick off [Reuters]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
Swiss auction for 5G frequencies poised to kick off | Reuters 2 Min Read ZURICH, Jan 15 (Reuters) - Switzerland aims to launch an auction this month for frequencies needed to provide fifth-generation (5G) mobile services, in a contest likely to include established rivals Swisscom, Sunrise and Salt Mobile. Telecoms operators are keen to get 5G spectrum for an edge in new digital services such as powering the Internet of Things, industrial automation and autonomous vehicles. The Federal Office of Communications (OFCOM) said only that the auction was still scheduled for January and that a result was due by the second quarter of the year. It provided no other details - not even which or how many companies would take part - for the sale to be conducted by a so-called clock auction. Potential bidders - which could also include newcomers and foreign groups - are also not allowed to comment. Authorities have said a clock auction ensures bidders can configure frequency packages which best suit Show less Read more
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