Belgium's treasury nets €1.4 billion from sale of 5G licenses

Belgium's treasury nets €1.4 billion from sale of 5G licenses
Credit: Belga

The auction for frequencies to run a mobile network with faster 5G connections raised over €1.4 billion for the Belgian treasury, according to telecom regulator BIPT.

It had earlier been announced that the auction had yielded at least €1.2 billion, but that was before the final auction for the 1,400MHz radio frequency band.

That auction raked in another €216.5 million, the regulator announced on Wednesday.

This brought total proceeds from the radio spectrum auction to more than €1.42 billion.


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