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Spain to apply 20% reduction to 5G frequency prices - report

Friday 21 May 2021 | 15:22 CET | News
The Spanish government is set to accede to operator demands and apply a substantial reduction to the starting price of the long-delayed auction of 5G frequencies in the 700 MHz band, according to sources cited by business daily Expansion. The starting price for the 8 blocks of frequencies currently stands at EUR 1.17 billion and the government previously indicated that it was looking to raise at least EUR 2 billion but is now prepared to lower the starting price by 20 percent to around EUR 900 million, said the report, adding that the operators were asking for a 30 percent reduction.

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Categories: Mobile & Wireless
Countries: Spain
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