Germany’s Federal Network Agency Bundesnetzagentur announced that the auction for 2 GHz and 3.6 GHz mobile spectrum has come to an end after 52 days and 497 rounds of bidding.
The government confirmed it will raise a total of EUR 6.5 billion ($7.31 billion) for 420 megahertz of 5G spectrum.
The process will pave the way for the entrance of a fourth operator, 1&1 Drillisch, which spent a total of EUR 1.1 billion for 70 megahertz of 5G spectrum.
Deutsche Telekom committed to pay EUR 2.2 billion for 130 megahertz of spectrum in both 5G bands, while Vodafone will spend a total of EUR 1.9 billion to acquire 130 megahertz of 5G spectrum.
