Bidding in Germany's auction of 5G airwaves was approaching the bottom end of analyst estimates Thursday morning, with companies offering about €2.9 billion ($3.3 billion) for the licenses to operate next-generation network services.
Financial analysts cited in the mainstream press expect the spectrum sale to rake in between €3 billion ($3.4 billion) and €5 billion ($5.6 billion) for the German government, which has been criticized for restricting the amount of spectrum sold to operators and attaching tough coverage obligations to 5G licenses.
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