Finland auctions new 4G spectrum

HELSINKI Thu Jan 24, 2013 3:26am EST

HELSINKI Jan 24 (Reuters) - Finland will auction new fourth-generation wireless licences on Thursday, the government said.

The government estimates it will receive at least 100 million euros ($133 million) for the 20-year licences.

The 800 MHz frequency band is valuable because it allows mobile signals to travel long distances. ($1 = 0.7530 euro) (Reporting by Terhi Kinnunen; Editing by Dan Lalor)

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