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Federal network agency allows three bidders in upcoming auction

Wed, 22nd Apr 2015 10:34

FRANKFURT, April 22 (Reuters) - Germany's telecoms andenergy regulator will allow Deutsche Telekom,Telefonica Deutschland and Vodafone Deutschland to take part in the upcoming spectrum auction, a FederalNetwork Agency's spokesman said on Wednesday.

The German government in January kicked off the process,which is scheduled to start on May 27 and could according toanalyst's estimates deliver the German government about 4.5billion euros ($4.85 billion) in proceeds.

($1 = 0.9273 euros) (Reporting by Peter Maushagen; Writing by Kirsti Knolle;Editing by Maria Sheahan)

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