Netherlands raises $5 billion in frequency auction

Dec 14, 2012

(AP)—The Dutch government says it has raised €3.8 billion ($5 billion) in an auction of its 4G high speed mobile Internet frequencies. Winning bids were submitted by Royal KPN NV, Vodafone PLC, Deutsche Telekom AG and Sweden's Tele2 AB.

The money is a boon for the Cabinet, which is struggling to keep the government's deficit under 3 percent of gross domestic product in 2013, to conform to European Union budget rules.

The frequencies were sold through 2030, Economic Affairs Minister Henk Kamp said Friday.

KPN paid around €1.3 billion in Friday's auction, and said it would have to cut dividends as a result. KPN was one of several telecoms companies that overpaid for 3G frequencies in 2000. It avoided bankruptcy later only by issuing new shares with state support.

Explore further: Italy adopts plans to shift into Internet fast lane

not rated yet
add to favorites email to friend print save as pdf

Related Stories

India's telecom auction raises 25% of target

Nov 14, 2012

India's government announced on Wednesday it had raised one-quarter of what it expected from an auction of mobile spectrum that telecom industry critics said had been overpriced.

Czechs launch first auction of 4G mobile frequencies

Jul 13, 2012

The Czech telecommunications watchdog CTU has launched its first auction of fourth generation mobile telephony frequencies, with a fourth mobile operator likely to enter the market, its website said on Friday.

France launches 4G mobile license auction

Jun 15, 2011

France on Wednesday kicked off auctions for frequencies to build high-speed fourth generation mobile telephone networks needed to keep up with the explosion of Internet-capable smartphones.

German '4G' phone auction raises 4.3 billion euros

May 20, 2010

Europe's first auction of "fourth generation" frequencies, which promise to revolutionise what mobile phones can do, raised more than 4.3 billion euros (5.3 billion dollars), authorities said Thursday.

Recommended for you

The UK doesn't yet need net neutrality regulations

13 hours ago

The net neutrality debate in the US has ended, at least for now, with the Federal Communications Commission ruling for stricter regulation of telecoms and internet service providers (ISPs) in order to maintain ...

Italy adopts plans to shift into Internet fast lane

19 hours ago

Italy's government adopted a six-billion-euro plan Tuesday to modernise its Internet network and improve access to broadband in hopes of shedding its reputation as one of Europe's online laggards.

Phone firms and the quest for the 5G Holy Grail

Mar 03, 2015

Lightning-quick downloads, driverless cars and remote surgery: telecom firms are racing to develop a new generation of "5G" mobile networks that could start to change the world in five years.

Google to offer own cellular network plan

Mar 02, 2015

Google will soon be offering cellular network plans in a bid to bridge the gap between the realms of Internet services and mobile device software it dominates.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.