Spain awarded 5G frequencies to three companies Telefonica (operates in the mobile segment through Movistar), Vodafone and Orange through a four days bidding process. The auction raised more than €437 million ($509.5 million).
The total bid was for 200 MHz of 5G spectrum in which the maximum band limit to a single operator was set to 120 MHz offered under the 20 years licenses in the form of 5 MHZ bands under the minimum price of €2.5 million ($2.9 million).
The companies who have awarded the frequencies are the top three telecommunication companies in Europe in which Telefonica got the 50 MHz band in spectrum by investing €107 million ($124.7 million), Orange paid €132 million ($153.8 million) for 60 MHz and Vodafone awarded 90 MHz band by paying €198 million ($230.8 million).
The 5G technology once deployed will play a key role in the Spanish economic growth as well as create new jobs. Like any other advanced countries, the technology will also be pivotal for some key industries such as healthcare, transport and utility in Spain.
Some of the advantages will include significantly faster speed than 3G and 4G, support advancements of IoT (internet of things), help develops smart cities and accelerate the technology development of self-driving and connected vehicles in Spain.
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