The Greek government’s auction of 5G-capable spectrum was completed on a single day yesterday (16 December), raising EUR372.3 million (USD450.8 million) for the state. Frequencies in the 700MHz, 3.7GHz and 26GHz bands were sold, alongside permits for the 2100MHz range, some of which are already in use but are due to expire in 2021.
After six rounds of bidding spectrum was allocated as follows:
• Cosmote paid EUR123.0 million for 15×5MHz at 3.7GHz (EUR30.7 million), 2×10MHz at 700MHz (EUR50.6 million), 2×20MHz at 2100MHz (EUR35.3 million) and two packets of 26GHz spectrum (EUR6.5 million)
• Vodafone paid EUR130.2 million for 14×5MHz at 3.7GHz (EUR37.5 million), 2×10MHz at 700MHz (EUR51.1 million), 2×20MHz at 2100MHz (EUR35.1 million) and two packets of 26GHz spectrum (EUR6.5 million)
• Wind paid EUR119.1 million for 10×5MHz at 3.7GHz (EUR30.3 million), 2×10MHz at 700MHz (EUR50.1 million), 2×20MHz at 2100MHz (EUR35.4 million) and one packet of 26GHz spectrum (EUR3.2 million).
The first commercial networks are likely to be launched in the first half of 2021.