Argentine telecommunications regulator Enacom confirmed it would carry out an auction to award 5G frequencies on October 24, local press reported.
Through the move, the cash-strapped government aims to raise around $1.1 billion.
Enacom also confirmed that local operators Personal (owned by Telecom Argentina), Movistar (owned by Spain’s Telefonica) and Claro (owned by Mexican telecommunications group America Movil), will take part in the process.
The watchdog also noted that it will make available a total of 300 megahertz of spectrum in the 3.3-3.6 GHz bands, in three batches of 100 megahertz.
