Three telecommunications companies have been awarded 20-year licenses to develop 5G in Argentina, making bids totalling over US$875 million on Tuesday. Meanwhile, Spanish Telefónica/Movistar was awarded a 50 MHz band for US$175 million. The companies are expected to build 5G stations within seven years in towns with up to 30,000 inhabitants. “The United States was involved from day zero,” Zuazo told the Herald. Zuazo suggested that it would have been interesting to have state-owned telecommunications company ARSAT keep the unawarded 50 MHZ.

Source: Bueno Aires Herald October 25, 2023 05:20 UTC