Greece’s National Telecommunications & Post Commission (EETT) has set 14 November 2011 as the date for its auction of 900MHz and 1800MHz mobile frequencies, which it expects to complete by 18 November to raise between EUR244 million (USD328 million) and EUR360 million to help the country pay debts. Last month the three Greek incumbent mobile network operators – Cosmote, Vodafone Greece and Wind Hellas – applied to take part in the auction, with no other parties registering interest in the sale. In its announcement the EETT said that, in a first phase ahead of the open auction, the three cellcos have reserved ‘minimum’ 900MHz spectrum to secure continuity and future enhancement of their mobile broadband services, for a price totalling EUR181.7 million. In the second stage the remainder of the spectrum will be administered through a multiple-round auction process with increasing bids. In total, the sale involves 14 blocks of 2×2.5MHz in the 900MHz band (with an individual spectrum cap of 2×15MHz); and four blocks of 2×5MHz in the 1800MHz band (spectrum cap 2×35MHz). The licence term for all 900MHz blocks is set until 29 September 2027, whereas the term for the 1800MHz blocks will be 15 years from the date of granting.