Greek regulator EETT raised a total €380.535m (US$519m) from its sale of frequencies in the 900 MHz and 1800 MHz bands, despite the country’s ongoing debt crisis.
All available blocks were sold in the auction, which was concluded today, shared out…
Greek regulator EETT raised a total €380.535m (US$519m) from its sale of frequencies in the 900 MHz and 1800 MHz bands, despite the country’s ongoing debt crisis.
All available blocks were sold in the auction, which was concluded today, shared out to the country’s incumbent spectrum operators OTE, Vodafone and Wind Hellas.
In a statement, EETT president Leonidas Kanellos said “despite the financial crisis, the independent Regulatory Authority succeeded in raising €380.5m, which is a much higher price than the initial estimates of the Greek government”.
The licences will be valid for 15 years.
In addition, the regulator plans to auction Wind Hellas and Vodafone’s 2G licences before they are due to expire in September 2012, instead of just reissuing them, to help raise more money to support the country’s substantial debt repayments.
