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FEATURE-Costly UMTS may be wrong bet for mobile operators
Posted: 02-Nov-2000 [Source: Reuters]

[Some less expensive options discussed in the ongoing debate over 3G trials and tribulations.]

by Lucas van Grinsven, London -- "Italy's auction of UMTS mobile phone licences has ended at bargain prices, but this will hardly soothe the headaches of mobile operators who have come to realise that they may have backed the wrong horse.

"Despite cheaper than feared licences in Italy, mobile operators in Europe are still set to spend some 400 billion euros ($341.9 billion) on new wireless networks which promise to bring fast Internet to mobile phones.

"But will it be worth it? Analysts and investors now say that operators have been short sighted.

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