Spain nets €1 billion in lacklustre 700 MHz sale

Spain has finally auctioned off spectrum in the 700 MHz band, but bidding was lacklustre at best, with the final total only just exceeding the reserve price.
The sale brings in €1.01 billion, with the big three operators – Telefonica, Vodafone and Orange – all taking home frequencies, but no mention of challenger player Masmovil. All the available paired 700 MHz frequencies were snapped up, but 15 MHz of unpaired spectrum was left unsold.
Only Telefonica paid in excess of the re