Frequency Auction In Hungary Raises Ft 130bn
- 2 Oct 2014 9:00 AM
Four service providers will pay Ft 130.6 billion in total for mobile broadband frequencies, the media and telecoms authority NMHH announced on Monday in revealing the results of its latest auction. The outcome is notable for the entry of a new market participant, Romania’s Digi, which won a narrow band at 1,800MHz with a bid of Ft 10 billion.
Digi already provides mobile internet to its subscribers with the help of other companies. The acquisition of the frequency will help it to offer these services directly, Napi Gazdaság observes, although Digi will need time to build out a network of its own.
All three incumbent mobile-phone operators obtained additional frequencies. Magyar Telekom will pay nearly Ft 58.7 billion for 800MHz and 1,800MHz frequency blocks, Telenor will pay Ft 31.7 billion for 800MHz blocks, while Vodafone will pay Ft 30.2 billion for blocks at 800MHz and 2,600MHz.
Source: Hungary Around the Clock
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