In the 2 GHz frequency range, Vodafone bid the highest amount of up to 58.9 million, followed by Deutsche Telekom with up to EUR 54.1 million for multiple blocks. 1&1 offered up to EUR 53.5 million for one block and Telefonica remained at a maximum bid of up to EUR 38.2 million.
In the 3.6 GHz frequency range, Telefonica Germany offered the highest amount of up to EUR 26.8 million for one block, followed by Deutsche Telekom with EUR 26.2 million for two blocks, close to Vodafone with a bid up to EUR 26 million for multiple blocks, while 1&1 offered a maximum of EUR 8.6 million.
Over EUR 332 million was offered by the four bidders in the 5G spectrum auction in the first day alone. The 41 blocks of frequencies will be auctioned simultaneously and bidders can bid on several blocks. For each block, a minimum bid of between EUR 1.7 and EUR 5 million is required. Germany could raise around EUR 3 billion by selling the frequencies.
