(Adds use of proceeds, telecoms partners)
ATHENS, Dec 16 (Reuters) - Greece has raised 372.26 million
euros ($453.78 million) from granting rights for the use of
different bands for the development of 5G networks, its telecoms
regulator (EETT) said on Wednesday.
After six binding rounds, three telecoms operators, OTE
Group, Vodafone and Wind Hellas secured
different blocks in the 700 MHz, 2 GHz, 3,400-3,800 MHz and 26
GHz band, EETT said in a statement.
Both OTE and Wind have teamed up with Ericsson to
secure the necessary technology for the 5G networks.
Greece will use the proceeds from the auction to help cut
its debt, the euro zone's highest as a percentage of gross
domestic product, and offer funds to startups that will develop
5G products and services.
($1 = 0.8203 euros)
(Reporting by Angeliki Koutantou, editing by Louise Heavens)