Italy raises $7.5bn from its 5G airwaves auction

By Bruno Reis

Italy concluded its two-week long 5G airwaves auction on 2 October, having raised $7.5bn.

The auction collected twice as much funding as the nation’s government had anticipated, according to Bloomberg.

Italy is one of few European countries that offer 5G frequencies, which promise to compete with fibre optic speeds.

The government auctioned 3.7GHz of airwaves, which the Economic Development Ministry claimed offer strong signals in built-up urban areas, for €4.35bn (US$5.03bn).

The Rome and Milan-based Telecom Italia SpA and London-headquartered Vodafone Group Plc acquired the largest blocks, each paying €2.4bn ($2.8bn) for the airwaves.


Following the purchase, Telecom Italia’s shares increased by 2.6% in Milan on 3 October, reaching 49.5 cents.

The French telecommunications company, Iliad SA, has invested €1.19bn ($1.38bn) into 5G mobile phone frequencies.

This displays the firm’s commitment to the market it recently launched in in May this year.

Wind Tre, the merger between H3G SpA and Wind Telecomunicazioni SpA, placed a bid of €517mn ($598.5mn).

The Italian subsidiary of Swisscom, Fastweb, bid €33mn ($38.2mn) for 5G frequencies.

The telecoms are expected to provide an initial payment this year, followed by installments until 2022 when the majority of the funding will be supplied.


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy