The auction of 5G mobile radio frequencies in Germany is expected to be a lucrative business for the state. The maximum bids for the telecommunications company summed up on Monday, a little more than four billion euros, as the website of the Federal network Agency.

The auction began about three weeks ago at the Mainz-based technology-location of the authority. Participants in the three existing network operators German Telekom, Vodafone and Telefónica (O2), as well as of the newcomers are the Drillisch group.

External professionals were assumed prior to the start of the Auction revenue of between three and five billion euros. A the end of the current auction is not yet foreseeable. In the case of the last frequency auction in 2015, there were approximately 5 billion euros. The Federal government wants to put the money in the digitization process, for example in fibre-optic expansion in the country.

The expansion requirements for the network operator are considered to be particularly strict. By the end of 2022, 98% of the households, as well as the car are to be supplied to Railways and other routes with fast mobile Internet.

dpa

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