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According to foreign media news, Cyprus plans to confirm four bidders at the 5G mobile spectrum license auction to be held on December 17, 2020, namely Cyta (Cytamobile-Vodafone), PrimeTel, Epic and Cablenet
.
Cyprus plans to adopt four concessions to deploy 5G networks
covering 70% of the population on all major roads by December 31, 2025.
George Komodromos, head of the Department of Electronic Communications, said the delay in the tender process was due to the delay in using the credit line by the parties who granted the licenses, because of the high reserve price per license (about $12.
4 million).
It is reported that the bidding will begin at 10 a.
m.
on the 17th at the office of the Ministry of Electronic Communications that has conducted such bidding procedures in the past
.
The office is considered to meet strict requirements, especially when it comes to
confidentiality.
Each panel will send its accredited representatives, who will be segregated and will bid continuously for each bid, the results of which will be announced
by the end of the year.
This 5G tender licenses between available spectrum on 700 MHz and 3.
6 GHz
bandwidths.
5G networks are a revolutionary technology that is expected to play a central role
in enhancing the EU's competitiveness in the global market, accelerating digital transformation and promoting green growth.
According to foreign media news, Cyprus plans to confirm four bidders at the 5G mobile spectrum license auction to be held on December 17, 2020, namely Cyta (Cytamobile-Vodafone), PrimeTel, Epic and Cablenet
.
Cyprus plans to adopt four concessions to deploy 5G networks
covering 70% of the population on all major roads by December 31, 2025.
George Komodromos, head of the Department of Electronic Communications, said the delay in the tender process was due to the delay in using the credit line by the parties who granted the licenses, because of the high reserve price per license (about $12.
4 million).
It is reported that the bidding will begin at 10 a.
m.
on the 17th at the office of the Ministry of Electronic Communications that has conducted such bidding procedures in the past
.
The office is considered to meet strict requirements, especially when it comes to
confidentiality.
Each panel will send its accredited representatives, who will be segregated and will bid continuously for each bid, the results of which will be announced
by the end of the year.
This 5G tender licenses between available spectrum on 700 MHz and 3.
6 GHz
bandwidths.
5G networks are a revolutionary technology that is expected to play a central role
in enhancing the EU's competitiveness in the global market, accelerating digital transformation and promoting green growth.
