The Spanish Ministry of Economic Affairs and Digital Transformation has finished the auction of 5G-compatible frequencies in the 700 MHz band, raising a total of EUR 1.01 billion, around EUR 15 million above the initial price.
In separate statements, the three operators vying for spectrum – Telefonica, Vodafone and Orange – confirmed they paid the reserve prices for the 2×10 MHz blocks, that will allow them to be preapted to launch 5G SA (Standalone) services in the future and provide better coverage in indoor and larger outdoor areas.
The fourth mobile operator in terms of market share, Masmovil, opted out of the process earlier this month.
All licences will be valid for a period of 20 years and extendable for a further 20-year period.
This was Spain’s second sale of 5G-suitable spectrum, following an auction covering the 3.6GHz to 3.8GHz bands in 2018. A third and last 5G spectrum auction, this time in the 26GHz band, is planned to take place before the end of the year.