FRANKFURT: Germany raised €6.55bil (US$7.4bil) from its 5G mobile spectrum auction, the Federal Network Regulator (BNetzA) said after a near three-month battle that will see a fourth operator enter the market.
The sum pledged in a record 497 rounds of bidding for the 41 blocks on offer was more than analysts had expected, while operators complained that the price they were paying would sap their ability to invest in next-generation networks.
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