Reuters reports that the French telecom regulator Arcep has received three bids – one each from France Telecom (FT), Vivendi’s SFR and Iliad (Free) – for the final two allocations of ultra-high speed wireless frequencies. It is understood the watchdog will look to choose the winners of the spectrum – which comprise 2 × 5MHz of spectrum for 3G wireless services – by end-May. Arcep has set a reserve of EUR120 million (USD152 million) on each block of frequency. No details of the actual bids being tabled thus far by the three firms were divulged. Bouygues Telecom however, has not submitted a bid for the frequencies.