PARIS, Nov 21 (Reuters) - France’s 5G spectrum should be sold at a minimum price of 1.5 billion euros ($1.66 billion), the head of the country’s telecoms authority Arcep told Le Figaro newspaper on Thursday.
France plans to sell 5G frequency blocs - the raw material for wireless carriers to develop networks - for a total of 310 Mhz within the 3.4-3.8 gigahertz bandwidth, under a framework detailed by the watchdog, Arcep, in a statement on Thursday.
“For Arcep, the amount of 1.5 billion (euros) is a great maximum,” Arcep president of Sebastien Soriano, told Le Figaro.
France’s economy ministry will have the final word on the floor price for the 5G spectrum sale. ($1 = 0.9042 euros) (Reporting by Mathieu Rosemain, Dominique Vidalon and Gwenaelle Barzic, Editing by Sarah White)