Finnish 5G auction ended as expected

Finnish 5G auction ended as expected

Finnish 5G auction in the 26 GHz band started and ended yesterday, 8 June 2020. With three bidders and three licences the process did not take long. The frequencies were acquired by the three incumbents, namely Elisa, Telia and DNA with each securing a block of 800 MHz as follows:

  • Elisa 25.1 – 25.9 GHz (block A)
  • Telia 25.9 – 26.7 GHz (block B)
  • DNA 26.7 – 27.5 GHz (block C)

The winners paid not more than exactly the reserve price, i.e. EUR 7 million each. The result further strengthens the three-player setting in the Finnish mobile market since, in practice, the three big ones share all the mobile bands with equal holdings. Business plans regarding the 26 GHz band remain to be seen; at this point the licences can be seen as low-cost options to deploy high-capacity 5G services in the future. The licences remain valid until 31 December 2033.

The lower part of the band, i.e. 24.25 – 25.1 GHz was left out from the auction. It is reserved for local, unlicensed users, or 5G verticals.