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Sector
Telecoms
Size
Large Cap
Market Cap £34.50bn
Enterprise Value £58.72bn
Revenue £35.98bn
Position in Universe 256th / 6853

A1, T-Mobile, Hutchison Drei secure first Austrian 5G licences

Thu 7th March, 2019 8:08am
VIENNA, March 7 (Reuters) - Austria has awarded licences to
Deutsche Telekom's  DTEGn.DE  T-Mobile, Telekom Austria's
 TELA.VI  A1 and Hutchison Drei  0001.HK  in the country's first
5G auction, raising 188 million euros ($213 million), telecoms
regulator RTR said on Thursday.
    Austria, a laggard in the European Union for fast broadband
connections, is among the first countries in the bloc to auction
5G licences. Its first 5G auction is mainly aimed at speeding up
data services in densely populated areas.
    A1 had the biggest bid with 64.3 million euros, followed by
T-Mobile with 56.9 million euros and Hutchison Drei with 51.9
million euros, RTR data showed. Smaller local operators also
secured licences with bids of roughly 5 million euros or less.
    
    ($1 = 0.8843 euros)

 (Reporting by Francois Murphy
Editing by Edmund Blair)
 ((francois.murphy@thomsonreuters.com; +43 1 531 12 254;))
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