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Telecom services: Closing of 5G auctions in Italy, and what it means for France
Telecom servicesClosing of 5G auctions in Italy, and what it means for France
The auction process for Italian 5G frequencies is finally over, for a record high total of EUR6.55bn. Although prices are high, the outcome seems fair for Iliad, while the bill for TIM seems rather high. We believe the outcome of the process in Italy should not necessarily by extrapolated to France.
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Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Thomas Coudry
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