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Belgian mobile phone auction raises $422m
Posted: 05-Mar-2001 [Source: Financial Times]

[After a one-hour auction three licenses were awarded with the Belgian government waiting for interest in its fourth license.]

by Daniel Dombey, Brussels -- "Belgium has concluded its auction of third-generation mobile phone licences - after a process that took just an hour and netted only a third as much as the government had initially expected.

"The Belgian government has raised E451m ($422m), in an auction that saw three bidders for four licences. It had hoped to raise E1.5bn, but in the end only the incumbent mobile operators bid for the licences

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