Belgian raises 1.42 bln euros from 5G mobile licence auction

BRUSSELS: Belgium has raised 1.42 billion euros ($1.44 billion) from its auction of new 5G mobile phone licences, with a fourth operator set to enter the consumer market, telecoms regulator BIPT said late on Wednesday.

BIPT concluded the second and final phase of the auction, of the 1,400 megahertz frequency band, yielding 216.5 million euros. That was far above the reserve price and added to 1.202 billion euros previously raised.

Existing operators Orange Belgium, Proximus and Telenet bid for this final band.