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New 4G internet frequency auction raised 'billions'

Friday 14 December 2012

The auction of frequencies for new faster 4G internet services has raised much more than experts expected, Nos television reports.

The auction was expected to raise around €500m but the total is ‘several billion’, Nos says, quoting sources in The Hague. The actual figure and names of the buyers will be published after the close of the stock exchange on Friday.

The previous 3G auction in 2000 raised the equivalent of €2.7bn.

© DutchNews.nl


Readers' Comments

I notice that the 3G auction was in 2000, the 4G now, that means that the 5G auction will be in 2024.

By almorr | 14 December 2012 4:42 PM

A substantial windfall for the government. In the United States, when the FCC sold portions of the spectrum no longer utilized by Federal government, bidding interest was limited to not only specially qualified corporations, but surely included political kick backs as well to those in the agency with an alined interest.

With strong wishes, the proceeds to the licensing of this network will benefit Dutch citizens as well as growing business infrastructure within The Netherlands.

By Married a Dutchie 2009 | 14 December 2012 10:01 PM

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