Federal network agency allows three bidders in upcoming auction

Reuters

Updated 22 April 2015 at 6:48 am

FRANKFURT (Reuters) - Germany's telecoms and energy regulator will allow Deutsche Telekom , Telefonica Deutschland and Vodafone Deutschland to take part in the upcoming spectrum auction, a Federal Network Agency's spokesman said on Wednesday.

The German government in January kicked off the process, which is scheduled to start on May 27 and could according to analyst's estimates deliver the German government about 4.5 billion euros (£3.22 billion) in proceeds.

(Reporting by Peter Maushagen; Writing by Kirsti Knolle; Editing by Maria Sheahan)

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