Spain raises €437 million after four days of its 5G auction

The Spanish government has raised €437 million ($510 million) after several days of its 5G spectrum auction involving four operators.

Spain was auctioning off spectrum in the 3.6GHz to 3.8GHz range suitable for launching 5G connectivity. A minimum of €100 million was set for the auction so final bids amounted to over quadruple.

Bids were made over a total of thirty-four rounds across four days.

The first four rounds had a minimum activity level of 60 percent. The next nineteen required 80 percent activity, while the remaining eleven at 100 percent.

Here are the full results:

spain_5g_auction_results

Spain’s four mobile operators – Movistar, Orange, Vodafone, and Masmovil – all took part in the 5G spectrum auction. The maximum limit of frequencies set for any single operator was 120 megahertz.

The highest bid for the 5 megahertz blocks on sale ranged up to €12.01 million.

Overall, the Spanish government’s 5G auction once again shows the appetite for coveted 5G spectrum.

What are your thoughts on the results of the 5G auction? Let us know in the comments.

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