Dominican Republic 5G auction raises USD74m; Claro, Altice share the spoils

14 Oct 2021

The Dominican Telecommunications Institute (Instituto Dominicano de las Telecomunicaciones, Indotel) has announced that its auction of 5G-suitable frequencies has generated a total of USD73.789 million. Claro Dominicana submitted the largest bid, offering USD53.111 million for a 70MHz block of spectrum in the 3.3GHz-3.4GHz band. Altice Dominicana, meanwhile, will pay USD20.678 million for a 70MHz block of 3.4GHz-3.5GHz spectrum. Claro’s licence will run for 20 years, while Altice’s concession will only be valid for 14 years. The 5G frequencies will be formally awarded to the cellcos on 28 October.