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Industrials

Hungary raises $399 mln in 5G frequencies sale -regulator

BUDAPEST, March 26 (Reuters) - Hungarian telecommunications regulator NMHH has raised 128.5 billion forints ($399.07 million) in the sale of high-speed 5G mobile spectrum, the authority said on Thursday.

It said Britain’s Vodafone, Deutsche Telekom unit Magyar Telekom and Telenor, in which Hungary’s state-owned broadcast operator Antenna Hungaria owns a 25% stake, were awarded 5G frequencies in the tender. ($1 = 322 forints) (Reporting by Gergely Szakacs. Editing by Jane Merriman)

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