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German Auction of 3G Mobile Phone Licenses Raises 50.5 Billion Euros

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Summary

The auction of radio spectrum for third-generation (3G) mobile phone licenses in Germany raised $46 billion. Immediately, industry alliances ruptured, and in the long term, enterprises can expect high prices for 3G services.

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German Auction of 3G Mobile Phone Licenses Raises 50.5 Billion Euros

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