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Czechs Get Four Bids From Unit Of Deutsche Telekom AG And Others For 4G Mobile Telephone Frequencies-DJ

Tuesday, 11 Sep 2012 08:19am EDT 

Dow Jones reported that the Czech Telecommunications Office (CTU) has received four bids in its auction for frequencies serving fourth-generation broadband mobile phone networks and that it will announce a final winner in early 2013. CTU said the sale price of the frequencies will be in the range of several billion koruna (1 billion koruna = $52 million). CTU said the bidders include the three operators already active on the country's mobile market, the local unit of Telefonica SA, the local mobile unit of Germany's Deutsche Telekom AG and a unit of U.K. operator Vodafone Group Plc as well as a unit of Czech closely-held financial company PPF. The frequencies were freed up by the country's switch to digital terrestrial television broadcasting, which was completed last year. 

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