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...