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TELIA - Telia AB News Story

SEK36.29 0.1  0.4%

Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.79bn
Enterprise Value £21.27bn
Revenue £7.63bn
Position in Universe 55th / 1838

Finland launches new 5G spectrum auction

Mon 8th June, 2020 8:23am
HELSINKI, June 8 (Reuters) - Finland launched its second
auction of frequencies for high-speed 5G mobile networks on
Monday, the Finnish Transport and Communications Agency said.
    "Over the past 18 months, the 5G network has been made
available in 30 cities and municipalities in Finland. This
spring, well-functioning connections have proved even more
valuable than anticipated, the agency said in a statement,
referring to the COVID-19 epidemic.
    It added that Monday's auction would include three 800 MHz
bands in the 25.1-27.5 GHz range for use in mainland Finland,
and the starting price for each frequency would be 7 million
euros.
    Finland's government granted 5G licences in the 3.5 GHz band
in 2018 and construction of the new 5G networks started at the
beginning of 2019, making the country, home to network equipment
maker Nokia, among the first in the world to introduce the
technology. 
    The winning bids will be announced by the Ministry of
Transport and Communications after the auction close and
construction of the new networks can start from July 1 2020, the
agency said. 
    
    

 (Reporting by Anne Kauranen; Editing by Kirsten Donovan)
 ((anne.kauranen@thomsonreuters.com; +358925166112;))
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