MásMóvil wins auction to build 4G network in Portugal
The company that owns Nowo won three lots in the 1,800 MHz band in the first phase of the 5G auction, which was dedicated to companies with no presence in the Portuguese telecommunications market.
The Spanish company MásMovil won three lots in the 1,800 MHz band in the first phase of the 5G auction, which was destined exclusively for companies not yet present in the Portuguese telecommunications market. Although these frequencies are part of the 5G auction, they are intended to provide fourth-generation mobile electronic communications services.
According to Expansión, MásMóvil, which is in Portugal under the name of Nowo, will build a 4G network in Lisbon, Porto and Algarve, competing directly with Meo, Vodafone and Nos. These three companies are forced to lease their networks in the rest of the country for at least ten years.
The Spanish newspaper says that MásMóvil paid a “high price” to win the auction. In the end, the price of each lot in the 1,800 MHz band rose to 18.11 million euros, according to data from Anacom, the Portuguese regulatory authority for postal communications and electronic communications.
