Lithuanian telecoms watchdog the Communications Regulatory Authority (Rysiu Reguliavimo Tarnyba, RRT) has announced the completion of its auction of 5G mobile spectrum in the 700MHz band that started in May. The tender comprised the sale of one 2×10MHz block (713MHz-723MHz/768MHz-778MHz) and two lots of 2×5MHz (723MHz-728MHz/778MHz-783MHz and 728MHz-733MHz/783MHz-788MHz), with initial prices set at EUR5 million (USD4.9 million) and EUR3 million per lot, respectively. Telia Lietuva was the highest bidder, paying EUR23 million for the 2×10MHz block, while Tele2 bid EUR3.9 million and Bite Lithuania paid EUR3 million for the 2×5MHz allocations.
Spectrum licences are valid for an initial period of 20 years. Winning bidders are subject to certain rollout and service provision obligations, including a requirement to launch commercial 5G services in at least one of the country’s five largest cities (Vilnius, Kaunas, Klaipeda, Siauliai and Panevezys) within six months of receiving their licences, and in all five cities by 31 December 2023. An additional 5G spectrum auction comprising frequencies in the 3.5GHz band also concluded earlier this month.
Source: https://www.commsupdate.com/articles/2022/08/30/lithuania-concludes-700mhz-5g-auction/