Spanish 5G auction generates EUR437.6m; Vodafone tops bidding

26 Jul 2018

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 successfully concluded, generating a total of EUR437.6 million (USD511.8 million) for the government, and comfortably exceeding the EUR100 million starting price established by the watchdog.

Vodafone Spain dominated the bidding, paying EUR198.1 million for 18 5MHz blocks. Orange Espana was next in line, bidding EUR132.1 million for twelve 5MHz blocks, while Telefonica Espana (Movistar) offered EUR107.4 million for the remaining ten 5MHz blocks. All concessions will be valid for 20 years, and the licence fees will be spread over the course of this duration.

Grupo MASMOVIL went home empty handed, but is unlikely to be concerned by the outcome; earlier this month it acquired a 40MHz block of spectrum in the 3400MHz-3800MHz band from domestic ISP Eurona Wireless Telecom for EUR30 million. MASMOVIL had previously acquired a 40MHz block of 3.4GHz-3.6GHz spectrum via the EUR15.5 million takeover of Neutra Network Services in June this year.