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Bidding stops in German mobile spectrum auction

Reuters - UK Focus

FRANKFURT, June 19 (Reuters) - Bidding stopped on Friday in Germany's auction of radio frequencies for mobile phone network operators, data of the German telecoms regulator showed.

Total (Swiss: FP.SW - news) bids after 179 rounds of bidding stood at 5.08 billion euros ($5.74 billion).

Germany started the auction three weeks ago, setting a floor of 1.5 billion euros.

Bidders in the auction are Deutsche Telekom (Xetra: 555750 - news) , Telefonica Deutschland and Vodafone ($1 = 0.8843 euros) (Reporting by Harro ten Wolde and Peter Maushagen; Editing by Georgina Prodhan)