Finland’s auction of spectrum in the 26GHz band, which started yesterday (8 June), was completed on the same day with three companies walking away with new frequencies. In a press release the Ministry of Transport and Communications (Liikenne-ja viestintaministerio, MoTC) confirmed that the sale process generated a total of EUR21 million (USD23.7 million) for the state, with all three of the available blocks – which each comprised 800MHz of spectrum – selling at their starting price (EUR7 million).
According to the MoTC, the winning bidders were as follows: Elisa Corporation, which won the 25.1GHz-25.9GHz block; Telia Finland (25.9GHz-26.7GHz); and DNA (26.7GHz-27.5GHz). With the ministry saying it will now grant these companies their licences ‘in accordance with the end results of the auction’, it confirmed that 26GHz spectrum can be used for the construction of 5G networks from 1 July 2020. All three concessions are valid until 31 December 2033.