The auction for 5G has been completed – At 372 million euros the revenue

The tender for the allocation of 5G radio frequencies (700 MHz, 2 GHz, 3400 – 3800 MHz and 26 GHz) was completed by the National Telecommunications and Post Commission (EETT), after six rounds of bidding.

As a result of the process, it was awarded to the companies COSMOTE Mobile Telecommunications SA, VODAFONE PANAFON Hellenic Telecommunications Company and WIND Hellas Telecommunications SA. the total range available in the above zones.

The awarded price from all three companies secured by EETT for the Greek State, amounts to a total of 372.26 million euros.

In total, the following participating radio frequency divisions were awarded to the three participating companies:
COSMOTE:

  • 15 parts in the 2 GHz band with a price of 35,270,000 euros
  • 2 segments in the band of 3400-3800 MHz with a price of 30,705,000 euros
  • 2 sections in the 700 MHz band with a price of 50,578,000 euros
  • 4 parts in the 26 GHz band with a price of 6,481,000 euros

and a total price of 123,034,000 euros.

VODAFONE-ΠΑΝΑΦΟΝ:

  • 14 sections in the band of 3400-3800 MHz with a price of 37,516,000 euros,
  • 2 sections in the 700 MHz band with a price of 51,060,000 euros
  • 4 parts in the 2 GHz band with a price of 35,120,000 euros
  • 2 parts in the 26 GHz band with a price of 6,480,000 euros

and a total price of 130,176,000 euros.

WIND:

  • 10 sections in the band of 3400-3800 MHz with a price of 30,306,051 euros
  • 2 sections in the 700 MHz band with a price of 50,080,051 euros
  • 4 parts in the 2 GHz band with a price of 35,420,000 euros
  • 1 segment in the 26 GHz band with a price of 3,245,051 euros

and a total price of 119,051,153 euros.

It is pointed out that the tender process, which was finalized after the completion of the public consultation and started in September 2020, was designed and implemented by EETT, with its own means, in a transparent and efficient manner and according to a strict schedule that was consistently adhered to. It is also noted that the procedure was fully compliant with the current European regulatory framework.

The successful completion of the auction by awarding the above spectral areas is expected to offer significant benefits for the electronic communications market in Greece, enabling the development of new products and services for the benefit of the consumer, but also paving the way for significant investments in critical infrastructure. But in addition to the above, the cumulative benefit is estimated to be multiple, as the development of 5th generation networks is expected to radically affect a wide range of economic and social life, accelerating the country’s digital transformation, improving business competitiveness and contributing decisively to economic development and social prosperity.

Source: ΑΠΕ-ΜΠΕ

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