Spain’s Ministry of Economy and Enterprise (Ministerio de Economia y Empresa, MINECO) has confirmed that the country’s auction of 5G-suitable spectrum in the 3.6GHz-3.8GHz band has generated EUR402.3 million (USD471.2 million) after four days of bidding, comfortably exceeding the EUR100 million starting price established by the watchdog. The identities of the winning bidders will be disclosed after the auction draws to a close.
TeleGeography notes that the spectrum has been divided into 40 5MHz blocks, each of which has a starting price of EUR2.5 million. All four mobile network operators (MNOs) – Movistar, Orange, Vodafone and Grupo MASMOVIL – have registered their participation in the auction process, although a 120MHz spectrum cap is in place. All concessions will be valid for 20 years apiece.