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Greece sells mobile licences for €380.5 million

15 ноября 2011

Greece completed an auction of high-frequency mobile telephony licenses to the country's main three operators for EUR380.5 million on Monday, the national telecoms regulator said.

The sale is part of a privatization drive pledged by Athens in return from bailout loans from the European Union.

The state originally aimed to raise EUR5.5 billion by the end of the year, and EUR50 billion by 2015, but has fallen way behind schedule.

"The Hellenic Telecommunications and Post Commission (EETT) successfully completed today the spectrum auction process for mobile communication services in the 900 MHz and 1800 MHz bands by raising a total sum of 380,535,000 euros," the agency said.

It added that the three concession holders, Cosmote, Vodafone-Panafon and Wind, had been allocated all available blocks in the 900 MHz and 1800 MHz bands for a period of 15 years.

"The allocation of said spectrum rights until the year 2027 is expected to promote the development of high-speed wireless broadband technologies, such as 4G and LTE, foster the growth of the market via the competitive provision of new services, and contribute to the bridging of the +digital divide+ between urban and rural areas in Greece," EETT chairman Leonidas Kanellos said.

The proceeds, which the Greek state badly needs to fill its depleted treasury as it grapples with an unprecedented debt crisis, will be disbursed at a later date, an EETT spokeswoman said.

Greece has so far managed to raise about 390 million euros from a 10-percent stake in Balkans telecoms giant OTE to Germany's Deutsche Telekom.

On November 1 it launched a tender for the operation of state lotteries for a 12-year period.

Источник: Total Telecom

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