FRANKFURT, March 19 (Reuters) - Germany’s auction of spectrum for 5G mobile networks attracted brisk initial bidding on Tuesday as prospective new market entrant 1&1 Drillisch submitted chunky offers for the frequencies it is interested in.
Results here of first-round bidding showed that Drillisch, which is vying to become Germany's fourth network operator, had submitted offers of more than 20 million euros ($22.7 million) for 10 of the 41 blocks of spectrum on offer.
By contrast, the three existing operators - Deutsche Telekom , Vodafone and Telefonica Deutschland - only put in minimum bids for the blocks they were interested in.
Taken together, first-round bids totalled 288 million euros.
($1 = 0.8808 euros)
Reporting by Douglas Busvine; editing by Thomas Seythal