According to Andrus Hiiepuu, the company’s CEO, it made the highest bid (€7.2 million) in the competition.
“In Elisa’s view, this was the most valuable frequency, as it is not subject to stricter restrictions due to its proximity to Russia’s border areas. Based on its technological characteristics, it is therefore the best and cleanest frequency”.
He added: “This is one of the most important frequencies in the future to build an extensive 5G network for Elisa’s customers.
“From here, we can move forward with the development and opening of the 5G network in the near future”.
The starting price of the 3410-3540 MHz frequency licence at the auction was €1,597,000, and three written bidding rounds took place every working day.
Each new bid had to be at least €100,000 more than the previous best bid and the auction ended when no one exceeded the highest bid.
TTJA is now auctioning a second frequency licence and the winner of the first auction cannot apply for the second and third frequencies.