Portugal’s delayed 5G auction wraps up, raising 566 million euros

LISBON: Portugal’s national regulator ANACOM said on Wednesday the main bidding phase of the country’s long-awaited 5G auction has come to an end 200 days after it was launched, generating around 566 million euros ($657.1 million).

Delayed by the COVID-19 pandemic, the auction of several spectrum lots was launched by ANACOM in January this year, despite legal challenges from major players who say the rules unfairly favoured new entrants.