Germany begins an auction of spectrum for next-generation 5G mobile networks on Tuesday, the outcome of which will play a decisive role in ...
MAINZ, Germany: Germany begins an auction of spectrum for next-generation 5G mobile networks on Tuesday, the outcome of which will play a decisive role in determining whether Europe's largest economy remains competitive in the digital age.
Also participating is 1&1 Drillisch, a virtual mobile operator controlled by United Internet that wants to run a fourth network. The last auction in 2015, for 4G frequencies, raised 5.1 billion euros . Back in 2000, a 3G auction raised more than 50 billion euros - a ruinous sum that forced some players out of the market and others to merge.The auction is being held in old army barracks in the south-western city of Mainz. Bid teams will have to surrender their phones when they enter. They will submit offers from separate rooms via a secure network, and can only seek guidance via fax from their head offices.
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