Vodafone Italy spends 2.4 billion euros in 5G auction
FILE PHOTO: A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall/File Photo
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
LONDON (Reuters) – Vodafone Italy <VOD.L> said on Tuesday it had spent 2.4 billion euros (2.14 billion pounds) on new airwaves for 5G services auctioned by the Italian government.
Italy raised an overall 6.55 billion euros from the sale, the Industry Ministry said.
(Reporting by Paul Sandle; Editing by Edmund Blair)