FRANKFURT: Germany starts an auction of radio frequencies for mobile phone network operators on May 27, hoping to fill state coffers with billions of euros which it plans to use to help improve the country's fast broadband network.
But analysts expect the auction to raise only a maximum of €4bil (RM15.83bil), a far cry from the €50.8bil (RM201.15bil) the government raised in the auction in 2000 for new 3G network licences, when there were six groups bidding.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!