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Belgium raises 1.42 billion euros from 5G mobile license auction

An advertising board shows the 5G logo at the international airport in Zaventum, Belgium on May 4, 2020. REUTERS/Yves Herman

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BRUSSELS, July 21 (Reuters) – Belgium has raised 1.42 billion euros ($1.44 billion) from the auction of new 5G mobile phone licenses, with the fourth operator set to enter the consumer market, telecommunications regulator BIPT said late Wednesday. .

BIPT concluded the second and final phase of the auction for the 1,400 MHz frequency band, with a profit of EUR 216.5 million. This was well above the reserve price and added to the 1.202 billion euros raised earlier.

Existing operators Orange Belgium (OBEL.BR), Proximus (PROX.BR) and Telenet (TNET.BR) bid for this last band.

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Citymesh Mobile, which has successfully bid for other bands, is set to partner with Romanian provider DIGI (DIGI.BX) to increase competition. DIGI is already operating in Romania, Italy and Spain, with a service launching in Portugal as well.

Another company, Network Research Belgium, has secured a small-scale 5G license at auction and is looking to use it to provide services to businesses and public entities, such as hospitals.

($1 = 0.9829 Euro)

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Reporting by Philip Blenkinsop; Editing by Bradley Perrett

Our Standards: Thomson Reuters Trust Principles.

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