The mobile operators of Belgium have submitted bids of 1.2 billion euros ($1.26 billion) for fifth-generation (5G) mobile licenses according to the telecoms regulator on Tuesday.
The proceeds from the auction that was attended by five companies was 468.5 million euros more than the minimum bid the regulator stated.
The Belgian regulator cleared five participants to the auction back in March.
The government announced that it would promote an entry into the market to make it more competitive with the biggest providers Proximus, Orange Belgium and Telenet's BASE.
Two new participants to the bidding, CityMesh Mobile and Network Research Belgium have both received licenses to use frequencies.