Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.24 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1660
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2562
    +0.0016 (+0.13%)
     

  • Bitcoin GBP

    50,493.29
    -704.07 (-1.38%)
     

  • CMC Crypto 200

    1,367.73
    +55.10 (+4.19%)
     

  • S&P 500

    5,159.23
    +31.44 (+0.61%)
     

  • DOW

    38,751.32
    +75.64 (+0.20%)
     

  • CRUDE OIL

    78.36
    +0.25 (+0.32%)
     

  • GOLD FUTURES

    2,328.80
    +20.20 (+0.87%)
     

  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     

  • HANG SENG

    18,578.30
    +102.38 (+0.55%)
     

  • DAX

    18,175.21
    +173.61 (+0.96%)
     

  • CAC 40

    7,996.64
    +39.07 (+0.49%)
     

German frequency auction bids pass 5 billion euros

Reuters - UK Focus

FRANKFURT, June 18 (Reuters) - Bids in Germany's auction of radio frequencies for mobile phone network operators have surpassed 5 billion euros ($5.7 billion), the telecoms regulator said on Thursday.

Analysts had expected the auction to raise only a maximum of 4 to 5 billion euros, still a far cry from the 50.8 billion euros the government raised in the auction in 2000 for new 3G network licences, when there were six groups bidding. ($1 = 0.8770 euros) (Reporting by Peter Maushagen; Writing by Edward Taylor; Editing by Georgina Prodhan)