Saturday, September 18, 2021

Germany’s 5G auction already bid 6 billion euros

Germany’s auction of frequencies for 5G mobile services, now into its 10th week, has drawn 6 billion euros ($6.7 billion) in predictions so far.
The sum raised in a listing 405 auction rounds to the 41 cubes on offer has exceeded forecasts as operators slug it out to secure spectrum to operate’smart’ factories and offer super-fast broadband to the home.
Market leader Deutsche Telekom has complained that the ruler has forced up costs by providing too little spectrum.
Deutsche Telekom contributes to 13 of the blocks , together with competitor Vodafone forward in 12 and Telefonica Deutschland in eight, according to auction results published by the Federal Network Agency (BNetzA).
Drillisch, and United Internet, have slashed their dividend payouts to conserve money so that they can stay in the game. Industry bosses say that inflated auction costs would undermine their ability to invest the billions necessary to build 5G networks – as happened in a costly spectrum auction in Italy this past year.

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