Italy’s telecoms lobby asks to reschedule 5G spectrum payments: Letter
Italy’s telecoms lobby is asking the government to reschedule more than 4 billion euros in payments due later this year from its fifth-generation mobile spectrum auction Italy’s telecoms lobby asks to reschedule 5G spectrum payments said in a letter to…
Italy’s telecoms lobby is asking the government to reschedule more than 4 billion euros in payments due later this year from its fifth-generation mobile spectrum auction Italy’s telecoms lobby asks to reschedule 5G spectrum payments said in a letter to Italy’s Industry Minister Giancarlo Giorgetti. Sarmi added in the letter dated Feb 16 that it would be hard for mobile operators to make the payments in a single year as it could dampen their ability to finance other areas of business. Italy’s biggest telecoms company Telecom Italia and rival Vodafone a letter seen by Reuters showed on Wednesday. In 2018 Italy raised a bumper €6.5 billion in its 5G mobile auction that drew ferocious bidding from telecoms operators vying for an edge in new digital services. Since then stiffer price competition has led to a steady drop in revenue which has put the sector’s margins under pressure the top spenders at the auction are due to pay about €1.7 billion respectively by end-September. Both declined to comment.
