Mavi Boncuk | Turkey's auction of 4G[1] mobile phone frequencies lured a higher than expected 3.96 billion euros ($4.5 billion) worth of bids, the agency running the process said on Wednesday, showing the appeal of Turkey's youthful and growing market. Turkey is a large market with nearly 80 million consumers, and investors want to be a part of that. Another bidder, Netgsm, declined to make an offer.
There were 20 packets up for tender in this offer, each comprising different frequencies in the total available spectrum licensed by the Authority. Frequency-division duplexing (FDD) means that the transmitter and receiver operate at different carrier frequencies.
The tender had been postponed in May, weeks after President Tayyip Erdogan urged Turkey not to waste time with 4G and move straight to 5G, for which technical standards do not yet exist.
[1] 4G and 5G refer to the latest technology standards for mobile devices. Fourth-generation technology, which went mainstream worldwide around 2010, enables users to watch videos and download big documents on their phones. The total amount of spectrum available will be increased by three times. The rights to the frequencies will last until April 30, 2029.
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