By Mauro Orru
Telecommunications companies bidding for 5G frequencies in France have committed to 2.79 billion euros ($3.27 billion), French telecoms regulator Arcep said Thursday.
Arcep said the main auction for band frequencies from 3.4 gigahertz to 3.8 gigahertz closed, with a further auction to be held in October to establish how frequencies for each winner will be positioned within the band frequencies.
Bouygues SA's Bouygues Telecom, Iliad SA's Free Mobile, Orange and Altice Europe NV's SFR took part in the bidding process, Arcep said.
The regulator said it would award licenses for the band frequencies after the positioning auction in October.
Write to Mauro Orru at email@example.com; @MauroOrru94
(END) Dow Jones Newswires