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| Name | Symbol | Market | Type |
|---|---|---|---|
| Telefonica SA | NYSE:TEF | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.12 | -2.63% | 4.44 | 4.51 | 4.43 | 4.49 | 653,533 | 21:00:04 |
From May 2019 to May 2024
By Friedrich Geiger
BERLIN--Deutsche Telekom AG (DTE.XE), Vodafone Group PLC (VOD.LN) and Telefonica SA (TEF.MC) will pay a total of 5.08 billion euros ($5.78 billion) for German mobile broadband spectrum, the country's Federal Network Agency said Friday after auctions had ended.
Deutsche Telekom agreed to pay EUR1.79 billion, Vodafone EUR2.09 billion and Telefonica EUR1.20 billion, through their German subsidiaries.
Deutsche Telekom and Vodafone both acquired spectrum in the 700, 900, 1500 and 1800 megahertz areas and Telefonica in the 700, 900 and 1800 megahertz areas.
Telefonica's German unit said the additional frequencies enable the company to expand its high-speed network and its network capacity.
Write to Friedrich Geiger at friedrich.geiger@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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