Oct 3, 2018
Vodafone warns of danger of ‘artificial’ 5G auctions
Nick Read, the new chief executive of Vodafone, has warned governments not to gouge the struggling telecoms sector by designing "Artificial" spectrum auctions designed to boost their cash-strapped coffers. The comments were made in the wake of the Italian 5G auction, which set a record price for 5G spectrum. "Auctions should be designed to balance fiscal requirements with the need for investment to enable economic development . . . It is critical that European governments avoid artificial auction constructs which fail to strike a healthy balance for the industry," he said. Italian networks paid eight times more per megahertz for spectrum than networks did in Spain in its 5G auction earlier this year and 10 times more than in Finland, which had its auction this week. Other 5G auctions coming up include Australia, Romania, Hungary, the Czech Republic and the UK..
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