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France's 5G spectrum to be sold at floor price of 2.17 billion euros: minister

France’s 5G spectrum to be sold at floor price of 2.17 billion euros: minister

France’s 5G spectrum to be sold at floor price of 2.17 billion euros: minister

French Junior Economy Minister Agnes Pannier-Runacher poses after an interview with Reuters in Paris, France, October 15, 2019. REUTERS/Benoit Tessier

PARIS (Reuters) – Frances’s 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.four billion), a minister mentioned on Sunday, considerably greater than the volume up to now really useful through the rustic’s telecoms regulator Arcep.

Wary of the heavy investments wanted for the deployment of the brand new cellular generation, Arcep’s president Sébastien Soriano mentioned previous this week that the minimal price for the sale of the spectrum will have to no longer be upper than 1.five billion euros.

France’s financial system ministry has the ultimate at the floor price on the market.

“The floor (price) that we’re proposing seems reasonable to us,” Junior Economy Minister Agnès Pannier-Runacher informed French newspaper Les Echos. “It’s up to the government to assume its responsibilities and decide.”

Arcep kicked off the long-awaited sale of 5G spectrum on Thursday, finishing months of intense debate between the rustic’s 4 telecoms operators and government on how to easiest deploy the brand new cellular generation.

Disagreements between the finance ministry and the telecoms authority over the spectrum to be auctioned and the minimal price for the 5G frequency blocs postponed the method, two resources shut to the subject informed Reuters this week.

For French government, the important thing factor is to in finding the precise stability between elevating money from the sale and heading off hanging an over the top monetary burden on telecoms operators in order that the deploy the expensive generation speedy.

Germany and Italy have raised about 6.five billion euros every thru 5G spectrum auctions, an quantity that surprised the business and raised considerations some of the 4 French telecoms operators — Orange (ORAN.PA), Altice Europe’s SFR (ATCA.AS), Iliad (ILD.PA) and Bouygues Telecoms (BOUY.PA) — whose margins are already affected by a prolonged price conflict.

(This tale has been refiled to explain in lead that Acerp is the telecoms regulator no longer operator.)

Reporting through Mathieu Rosemain, further reporting through Sybille de La Hamaide; Editing through Michel Rose

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