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AMOV - America Movil SAB De CV News Story

$13.87 0.0  0.3%

Last Trade - 05/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £33.10bn
Enterprise Value £57.37bn
Revenue £36.06bn
Position in Universe 269th / 6849

UPDATE 1-Austria sells 5G licences for a song, seeking rapid rollout

Thu 7th March, 2019 11:59am
(Adds detail, RTR comment, background)
    VIENNA, March 7 (Reuters) - Austria has sold 5G licences to
three national mobile operators and a handful of local players,
bringing in a mere 188 million euros ($213 million) in an
auction aimed at ensuring a rapid rollout of the new technology.
    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.
    While the amount the 5G auction brought in was more than the
50 million euros the right-wing government had budgeted for, it
paled in comparison to the 6.5 billion euros neighbouring Italy
raised in October after a bidding war between operators.
 urn:newsml:reuters.com:*:nL8N1WI65N
    "We want to be a front-runner in 5G," telecoms regulator
RTR's managing director Johannes Gungl told a news conference.
Asked to explain the size of the bids, he said only that they
were where supply met demand.
    "We also want this spectrum ... to be fully used and for the
population and business to be able to enjoy the greater
bandwidth," he added.
    The auction divided the country into 12 zones. Deutsche
Telekom's  DTEGn.DE  T-Mobile, Telekom Austria's  TELA.VI  A1
and Hutchison Drei  0001.HK  secured licences in all 12, while
four local operators secured licences in up to three zones each.
    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. The other operators secured
licences with bids of roughly 5 million euros or less.
    The licences came with a requirement that the three national
operators set up at least 303 base stations nationwide as of
Dec. 31 next year, rising to 1,000 from June 30, 2022, RTR said.
    ($1 = 0.8840 euros)

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