UK markets closed
  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     
  • FTSE 250

    19,123.71
    +430.73 (+2.30%)
     
  • AIM

    896.27
    +10.41 (+1.18%)
     
  • GBP/EUR

    1.1618
    -0.0028 (-0.24%)
     
  • GBP/USD

    1.2270
    +0.0009 (+0.07%)
     
  • BTC-GBP

    17,165.69
    -152.54 (-0.88%)
     
  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • DOW

    31,500.68
    +823.32 (+2.68%)
     
  • CRUDE OIL

    107.06
    +2.79 (+2.68%)
     
  • GOLD FUTURES

    1,828.10
    -1.70 (-0.09%)
     
  • NIKKEI 225

    26,491.97
    +320.72 (+1.23%)
     
  • HANG SENG

    21,719.06
    +445.19 (+2.09%)
     
  • DAX

    13,118.13
    +205.54 (+1.59%)
     
  • CAC 40

    6,073.35
    +190.02 (+3.23%)
     

Belgium auctions 5G licences for 1.2 billion euros

·1-min read
An advertising board shows a 5G logo at the International Airport in Zaventem

AMSTERDAM (Reuters) -Mobile operators in Belgium have bid 1.2 billion euros ($1.26 billion) for fifth-generation (5G) mobile licences, the telecoms regulator said on Tuesday.

Proceeds from the auction, which attracted bids from five operators, were 468.5 million euros higher than the minimum price, the regulator said.

The Belgian regulator cleared the five entrants to the auction in March, after the government said it would encourage a new entrant on the market to increase competition with the largest operators Proximus, Orange Belgium and Telenet's BASE.

The two new entrants in the auction, CityMesh Mobile and Network Research Belgium, both obtained licences for frequencies that can be used for 5G applications.

($1 = 0.9507 euros)

(Reporting by Bart Meijer; editing by Jason Neely)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting