Germany got more than it had hoped from the 5G auction
|Germany got more than it had hoped from the 5G auction|
Germany’s auction of frequencies for the super-fast 5G data network ended after almost three months with 6.55 billion euros in revenue for the state, which is more money than originally expected.
The Federal Network Agency announced the end of the auction, which opened on March 19, on Wednesday.
The bids of the existing network operators “Deutsche Telekom”, “Vodafone” and “Telefonika”, as well as the newcomer “Drilis” participated in the auction.
It is expected that three to five billion euros will be collected, which the Government wants to invest in digitalization, such as better IT equipment for schools.
Network security was not directly a problem at the auction, although there have been problems in recent months.
German authorities have drawn up a security request stipulating that system suppliers must be “reliable”.
They did not mention the Chinese technology giant “Huawei”, which the United States claims is a spy threat.