The French state will receive about 2.8 billion euros ($3.3 billion) in proceeds from the sale of the country's 5G spectrum sale following an auction that ended on Thursday, the country's telecoms regulator said.
FILE PHOTO: Transmitting antennas are seen on a mobile phone network relay mast during sunset near Strasbourg, France, April 4, 2017. Picture taken April 4, 2017. REUTERS/Christian Hartmann/File Photo
The sale, overseen by telecoms regulator Arcep, caps a year-long process for mobile carriers Orange, Altice Europe’s SFR, Bouygues Telecom and Iliad. The four companies are competing for the acquisition of 11 blocks of 10 Megahertz , or 110 MHz. This brings the total price for the whole spectrum to 2.8 billion euros, which is 630 million euros more than the floor price the government had set.
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