Chile raises over $450 mn in 5G spectrum tenders

Chilean telecommunications regulator Subtel said it raised a total of $453 million in a series of tenders of 5G frequencies held this month, culminating in the auction of 150 MHz of frequencies in the 3.5 GHz band. The record figure is over 500% higher than the $74 million collected by the state in previous nationwide spectrum tenders. Chile is the first South American country to free up 5G spectrum on a national scale.

Source: Telecompaper