Chile completed what it claims to be the first tender to assign 5G spectrum in Latin America, the country’s telecommunications regulator Subtel said in a release.
The watchdog said that the government raised $453 million in four rounds (700 MHz, AWS, 3.5 GHz and 26 GHz), which is 512% more than what was collected in all previous spectrum tenders combined.
Subtel also confirmed that a total of 1.8 gigahertz was awarded for mobile broadband.
Mobile operators Movistar, Entel and WOM secured 50 megahertz of 3.5 GHz spectrum each, disbursing 117 billion pesos (about $163 million), 100 billion pesos and 32 billion pesos respectively.
