The Spanish government announces a spectrum auction raised $2.61B, with divisions of European...

|By:, SA News Editor

The Spanish government announces a spectrum auction raised $2.61B, with divisions of European wireless giants Telefonica (TEF), Vodafone (VOD), and France Telecom (FTE) proving the largest buyers. The relatively modest sale price for the spectrum is a positive sign for European carriers as they prepare to build out 4G networks.