5G

Bulgaria to Hold New 5G Auction After Legal Challenge

SOFIA (Reuters) – Bulgaria’s telecoms regulator said on Wednesday it would hold a new auction on April 6 for three 5G licences after its decision to allocate them without competition was contested in court by the country’s leading telecoms operator Vivacom.

The Communication Regulation Commission (CRC) said its decision to launch a new process was backed by the three main telecoms operators.

“The regulator decided to amend its decision to speed up the process and avoid lengthy court proceedings,” CRC head Ivan Dimitrov told Reuters, saying the auction date was April 6.

Vivacom, A1 and Telenor Bulgaria, which is owned by Czech investment group PPF, will bid for specific bands in the 3.6 GHz spectrum.

The initial price of each permit for 20 years is set at 4 million levs ($2.43 million). Each company can get only one permit and the highest bidder will be given first choice from one of the three 100 MHz bands in the 3.6 GHz spectrum.

($1 = 1.6437 leva)

(Reporting by Tsvetelia Tsolova; Editing by Edmund Blair)

Copyright 2021 Thomson Reuters.

($1 = 1.6437 leva)

Source: https://www.usnews.com/news/technology/articles/2021-03-17/bulgaria-to-hold-new-5g-auction-after-legal-challenge

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button