Five Italian telecom operators request spot in mobile frequency auction

Reuters

Five Italian telecom operators have submitted requests to participate in an auction of new fourth-generation mobile frequencies, Italy's industry ministry said on Wednesday.

All major Italian mobile phone operators, former monopoly Telecom Italia , Vodafone , Wind, 3 Italia, and the Linkem group showed interest, the ministry said.

Italy's government is banking on the auction to raise about $3.5 billion for its budget and forecasted that it could raise as much as $4.5 billion if all frequencies are sold.

The government will declare those admitted to the auction by July 29 and they will then have a month to present their offers.

Speculation had also centered on possible interest from other contenders like Italy's post office, Poste Italiane, which operates its own mobile division.

Egyptian businessman Naguid Sawiris, who sold Wind this year to Russia's Vimpelcom, urged the Italian government earlier this month to delay the auction because of the financial crisis and weak economic landscape.

He said the government risked a poor showing given financial constraints on banks and companies during a period of economic malaise and that Italy should at least consider allowing operators to make payments in installments.

(Reporting by Deepa Babington; Editing by Elaine Hardcastle)

ArticleTools

Related Tags

Featured Big Data Reports

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Telecom Carrier Big Data Operations, Applications, and Services
Telcos have a major advantage in that they have many sources of data but if they want to monetize that data and derive meaningful, actionable analytics it could be challenging due to the complexities of correlation, prediction, and the massive volumes of data from different sources.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

 

Featured Events & Partners

The Telecom Exchange (TEX)
Wednesday, June 24, 2015

Cipriani Wall Street, New York City

Designed to navigate enterprise and carrier network operators through all carrier hotels and colocation houses available in the US and globally.

Visit event website...