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Hungary expects $122m in spectrum sale
17 January 2012
Post office in government-backed consortium expected to win Hungarian spectrum auction with $122m tender
Hungary is likely to get around $122 million from a mobile frequency tender, according to Hungarian news agency Népszabadság. The report said that a group consisting of state-controlled operators are likely to get the spectrum.
The tender’s results are expected to be declared soon, Bloomberg reported citing Népszabadság.
Previous reports have said that the consortium is backed by state electricity company MVM and the MFB development bank, each holding 45%, as well as the post office Magyar Posta, which will own 10%.
A new government owned mobile operator will help increase the country’s budget by several billion forints, according to a state official. GTB
Further reading from Global Telecoms Business:
Four to bid in mobile auction in Hungary 05 Jan 2012
T-Mobile launches 4G net in Hungary 04 Jan 2012
Hungarian post office in new operator plan 08 Dec 2011
Tesco 'plans mobile service' in Hungary 26 Aug 2011