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Belgium Auctions 5G Licences for 1.2 Billion Euros | Expertise Information | gadgetfee

AMSTERDAM (Reuters) -Cellular operators in Belgium have bid 1.2 billion euros ($1.26 billion) for fifth-generation (5G) cell licences, the telecoms regulator mentioned on Tuesday.

Proceeds from the public sale, which attracted bids from 5 operators, have been 468.5 million euros larger than the minimal worth, the regulator mentioned.

The Belgian regulator cleared the 5 entrants to the public sale in March, after the federal government mentioned it will encourage a brand new entrant available on the market to extend competitors with the most important operators Proximus, Orange Belgium and Telenet’s BASE.

The 2 new entrants within the public sale, CityMesh Cellular and Community Analysis Belgium, each obtained licences for frequencies that can be utilized for 5G purposes.

(Reporting by Bart Meijer; modifying by Jason Neely)

Copyright 2022 Thomson Reuters.

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