The Belgian Institute for Postal Services (BIPT) has closed the main phase of the 5G radio spectrum auction, raising almost €1.2 billion in the process.
In a statement, it says that five operators, namely Citymesh Mobile NV/SA, Network Research Belgium NV/SA, Orange Belgium NV/SA, Proximus NV/SA and Telenet Group NV/SA, participated in the auction and each succeeded in acquiring part of the spectrum, thus shaping our country’s mobile telecom landscape for the next 20 years.
It adds that the proceeds of €1.2 billion eturned out to exceed the entry price set before the start of the auction by €468.5 million as a result of the successive higher bids during the simultaneous multiple-round ascending auction. These proceeds may be further increased by the proceeds of a positioning phase regarding those bands.
The main phase of auction of the new 5G spectrum covered 700 MHz, 3600 MHz and the existing 2G and 3G radio spectrum (900MHz, 1800 MHz, 2100MHz). It will be followed by the 1400 MHz band auction.
Broadband TV News notes that the auction marked a significant success for Romania’s RCS&RDS, which partnered with Citymesh, part of Cegeka IT group, to secure part of the spectrum.
