BUENOS AIRES, Oct 11 (Reuters) - Argentina's government said on Wednesday that it will launch a 5G spectrum auction on Oct. 24 in a bid to raise some $1.05 billion.
Three provider companies have already qualified as bidders for operating the frequency bands, which range from 3,300 MHz to 3,600 MHz.
"In this offer, a total of 300 MHz will be submitted to the auction procedure, in three lots of 100 MHz each," a statement from Argentina's economy ministry said.
The government highlighted that the deployment of 5G constitutes a medium- and long-term state policy, which requires collaboration between the public and private sectors to upgrade network infrastructure.
Reporting by Lucila Sigal; Writing by Brendan O'Boyle; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons:
Lucila Sigal, Brendan O'Boyle, Jonathan Oatis
Organizations:
Thomson
Locations:
BUENOS AIRES