Italian 5G tender closes at € 6.55 billion
After 14 days of the competitive bidding process, Italy’s Ministry of Economic Development announced the completion of its national 5G spectrum tender. The bidding reached €6.55 billion which was € 4 billion more than its minimum reserved price of €2.5 billion.
The range of bands in which the spectrums have been offered included 694-790MHz, 26.5-27.5GHz and 3.6-3.8GHz bands. The five companies who competed and secured the spectrum are Telecom Italia (TIM), Wind Tre, Vodafone (Italia), Fastweb and Iliad SA.
Vodafone and Telecom Italia lead the bidding by spending €2.41 billion each, followed by a new entrant Iliad SA spending €1.19 billion. Wind Tre spent €517 million, while Fastweb paid €32.6 million. The most expensive band was the 3.7 GHz band in which each operator paid approximately €1.7 billion.
The Italian telecom industry is moving on a fast track towards developing smart technologies such as autonomous vehicle technology, the Internet of things (IoT), smart homes and smart cities. These smart technologies will be highly dependent on 5G. The high bidding war also indicated the importance of 5G for these next-generation technologies. Italy has also shown some progress recently with virtual reality solutions and augmented reality.
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