Latvia completes 4G spectrum auction

Latvia completes 4G spectrum auction

The Latvian spectrum auction has been completed with four companies awarded 4G frequencies by the country’s regulator, the Public Utilities Commission (PUC).

Latvijas Mobilais Telefons (LMT), Tele 2 Latvia, Bita Latvia and Baltcom are reported to have received frequencies in the 2600 MHz band. Local reports suggest that the starting price for each block set was $372,000 with LMT thought to have paid approximately $1.435 million for its frequencies.

Five blocks of spectrum had been made available for the auction by the PUC but a fifth bidder reportedly withdrew from the sale.

The companies will be able to utilise the spectrum from January 1 2014.

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