The Czech units of three major European telecommunications operators have successfully bid for the rights to high-speed, fourth-generation mobile network frequencies in the Czech Republic, the country’s telecommunications authority said Tuesday.
The local units of Spain’s Telefonica SA, T-Mobile–the mobile arm of Germany’s Deutsche Telekom AG, and the U.K.’s Vodafone Group PLC submitted winning bids in an auction for frequencies in the 800 megahertz range.
The companies will pay 2.80 billion koruna ($139 million), CZK2.61 billion and CZK3.11 billion, respectively, for the frequencies, the regulator said.
One of the purposes of the auction of Long Term Evolution frequencies was to encourage a new entrant to the market to create a fourth operator. But the regulator said two Czech start-ups that had qualified to participate in the auction dropped out of the bidding.
Consequently, the market will remain little changed, with the three incumbent operators not having to fend off new competition.
By Sean Carney, Dow Jones Newswires
Photo Credit: Josephzohn