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UPDATE 1-German 5G auction to go ahead after court throws out challenges [Reuters]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
German 5G auction to go ahead after court throws out challenges | Reuters 2 Min Read BERLIN (Reuters) - Germany’s auction of frequencies for next-generation 5G networks will begin as planned on March 19, the Federal Network Agency (BNetzA) said on Friday, after a court threw out challenges brought by the country’s three operators. Deutsche Telekom, Vodafone and Telefonica Deutschland had filed motions seeking to put the auction on hold, complaining that the terms under which spectrum was being sold off were onerous. “The date stands,” a BNetzA spokeswoman said, confirming the auction would start at 10 am (0900 GMT) next Tuesday in Mainz. The Cologne Administrative Court, ruling on the matter, found the BNetzA had acted within its powers to require network operators to commit to providing fast network coverage covering 98 percent of households by 2022 to qualify for the auction. The court’s decision is final. It averts a possible delay to Germany’s rollout of 5G networks that can suppo Show less Read more
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