Three companies accepted for 5G auction
Magyar Telekom, Telenor Magyarország and Vodafone Magyarország have been registered by Hungaryʼs National Media and Infocommunications Authority (NMHH) for the auctions for 5G spectrums, NMHH said today, according to a report by Hungarian news agency MTI.
The auction was called to support the introduction of fifth-generation mobile technology and for the sale of frequencies for related wireless broadband services.
Four companies expressed interest in partaking in the auction but one failed to fulfil NMHHʼs criteria.
Participants may submit their bids for spectrum in the 2,600 MHz, 3,600 MHz, 700 MHz and 2,100 MHz bands.
The winners are expected to be announced at the end of October or the start of November.
Licenses for the blocks will be valid for a period of 15 years with a one-time option for a five-year extension.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.