Telekom Austria Company News - 5G spectrum auction cheaper than expected
Total spectrum proceeds below minimum price set: In the last weeks the Austrian telecom regulator auctioned frequency spectrum in the 700, 1,500 and 2,100 MHz ranges. Total proceeds reached EUR 202 mn and were visibly below our expectations and likely also below market estimates. Total proceeds are even below the minimum price set of EUR 240 mn accounting for discounts granted.Telekom Austria is engaged as full service telecommunications providers of long distance, local and wireless services, corporate data communications services as well as internet services and television broadcasting. Co. generates revenues from fixed line services and mobile communication services to individuals, commercial and noncommercial organizations and other national and foreign carriers. To a lesser extent, Co. generates revenue from the sale of mobile communications handsets. Co. also supplies telephones and technical equipment for telephone communications. These activities are conducted primarily in Austria, Croatia, Slovenia, Bulgaria, Serbia, Macedonia and Belarus.
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