Ireland 4G auction raises €855m

Ireland has raised €855 million at an auction of 4G mobile phone licences, providing a welcome boost to the country’s struggling finances.

“The proceeds of the auction are greater than many people expected and are a statement of confidence in the economy,” Minister for Communications Pat Rabbitte said.

The winners – which include Vodafone, O2 and 3 – will pay €482 million upfront and the balance over the life of licences, which are valid until 2030.

“We can now look forward to the rollout of much needed faster, fourth-generation 4G mobile internet services which will maintain and boost this country’s competitiveness,” Rabbitte added.

Ofcom expects mobile operators to be able to provide 4G services from June.

Posted by on Nov 16 2012. Filed under Articles, Broadband.

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