🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

French government launches 4G spectrum sale

Published 07/09/2015, 02:30 AM
Updated 07/09/2015, 02:35 AM
French government launches 4G spectrum sale
BOUY
-

PARIS (Reuters) - The French government launched the sale of fourth-generation mobile spectrum on Thursday and confirmed it plans to raise a minimum of 2.5 billion euros ($2.78 billion).

Economy Minister Emmanuel Macron and Axelle Lemaire, junior minister for the digital economy, confirmed in a statement that the government aims to sell six blocks of 4G spectrum in the 700 megahertz frequency band for at least 416 million euros each.

The government has set caps on the total amount of 700 MHz spectrum that can be held by each of France's four telecom operators, with none allowed to possess more than three blocks.

France is seeking to encourage investment in communications infrastructure by Orange, Numericable-SFR, Bouygues (PARIS:BOUY) and Iliad.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.