The Finnish Ministry of Transport and Communications has announced that the recently concluded auction for spectrum in the 2500MHz-2690MHz range raised almost EUR3.8 million (USD5.7 million). Having formally announced plans earlier this year to offer a total of 14 lots of 2×5MHz bandwidth pairs in the 2500MHz-2570MHz and 2620MHz-2690MHz range, alongside a single block of 50MHz in the 2570MHz-2620MHz range, the auction closed on 23 November.
The winning bids for Frequency Division Duplex (FDD) spectrum were submitted by Elisa, which bid EUR834,700 for 50MHz, TeliaSonera, which offered EUR819,200 for 50MHz, and DNA Finland, which took 40MHz for EUR675,700. Meanwhile Pirkanmaan Verkko won the Time Division Duplex (TDD) spectrum with a bid of EUR1.47 million for the 50MHz block.
Commenting on the outcome of the sale process, Suvi Linden, Finland’s minister of communications, said that the auction itself had run smoothly, adding: ‘Now we will assess the results of the trial auction and the impact it will have in future’. According to the minister a report of the auction’s impact will be submitted to parliament in autumn 2010, as it is expected that by that point it will be clear how each winning operator will have chosen to use their respective spectrum.