Colombian operators Claro, WOM, Tigo and Movistar have all secured 5G licenses in a spectrum auction carried out by Colombia’s ICT Ministry MinTIC.
The country’s communications ministry said the auction had raised more than 1.5 billion pesos ($380 million). The government had previously said that it expected to raise nearly $500 million.
Tigo and Movistar previously confirmed that they formed a joint venture (JV) to participate in the spectrum auction. The JV will be valid for a period of 22 years, counted from the date of the eventual granting of the spectrum use permit. Tigo and Movistar said they “will continue to act as independent market agents and there will be no restrictions to continue competing with each other.”
