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Ireland hopes to raise €500m from auction
03 April 2012
Irish government hopes to raise €500m by auctioning spectrum for high-speed broadband and 4G
Commission for Communications Regulation
The Irish government will raise €500 million from a licence auction for high-speed broadband and 4G services, according to local reports.
Irish communications regulator ComReg, the Commission for Communications Regulation, has decided on a €410 million minimum price for 28 lots of radio spectrum, but competition may raise the sale price, reports the Irish Times.
The sale will include 15 lots of 1800 megahertz spectrum at a minimum price of €10 million each, and 13 lots of 800 megahertz and 900 megahertz spectrum at a minimum of €20 million each.
Potential bidders may include the four major mobile operators in Ireland, Vodafone, 3, O2 and Meteor, as well as new players, but ComReg will cap the amount that can be acquired by each bidder, said the report.
The process is expected to complete by the end of July 2012. GTB
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