State Treasury already received PLN 7 bln from LTE auction

As of February 5, the Ministry of State Treasury has received more than PLN 7 billion from the LTE frequencies auction, the ministry said. Five 800 Mhz blocks and 14 blocks of 2.6 GHz were put up for sale, each bidder could buy up to two 800 MHz blocks and four 2.6 GHz. The auction, which ended in October, raised PLN 9.23 billion in bids, nearly six times more than expected. One of the winners, NetNet, has withdrawn from the auction. Anna Streżyńska, the Minister of Digitization, commented on NetNet's withdrawal from the auction, that budget revenues are not at risk, because other bidders are interested in buying the frequencies.