Elisa has bagged the first available concession in Estonia’s 3.5GHz spectrum auctions.
The operator procured the 5G-capable spectrum with a bid of EUR7.206 million (USD7.756 million), which CommsUpdate notes far outstripped the reserve price of EUR1.597 million. Once Elisa has paid the required fees, regulator TTJA (Consumer Protection and Technical Surveillance Authority) will invite bids for the next of two more available licences.
Estonia’s Minister of Enterprise and Information Technology Andres Suti said: “The final price, which is many times higher than the starting price, shows the strong competition in our 5G market, which accelerates the delivery of 5G to customers. Elisa now has the green light to offer a new user experience and new solutions to its customers, and two more licences have to be shared.”