The Hungarian telecoms regulator has reportedly raised a total HUF 43.9bn (US $197m) from its 900MHz spectrum auction, awarding the largest block to a consortium of state-owned companies which have effectively become the fourth player in the domestic…
The Hungarian telecoms regulator has reportedly raised a total HUF 43.9bn (US $197m) from its 900MHz spectrum auction, awarding the largest block to a consortium of state-owned companies which have effectively become the fourth player in the domestic mobile telecoms space.
The National Media and Infocommunications Authority (NMHH) has granted a licence for its ‘A block’ 5MHz band to Magyar Posta, the Hungarian Electricity Works and a unit of the Hungarian Development Bank, The Budapest Business Journal reported, citing the regulator. According to the report, the consortium bid HUF 10bn (US$ 44.7m) for the block, which is suitable for internet and voice services.
NMHH awarded licences in its ‘B block’ to Hungary’s three existing mobile operators – Magyar Telekom, Vodafone Hungary and Telenor Hungary – the report stated.
Magyar Telecom, the former Monopoly now 59% owned by Deutsche Telekom, is said to have won 2MHz with a bid of HUF 10.9bn (US$48.7m); Vodafone to have won 2MHz with a bid of HUF 15.7bn (US$ 70.2m); and Telenor to have won 1.8 MHz with a bid of HUF 7.3bn (US$32.6m).
The regulator announced in August it hoped the auction would attract a new entrant to the market and boost competition.