German Spectrum Auction: Day 1

8:25 AM -- Germany's biggest spectrum auction started just after lunch time on Monday with some 340MHz of frequency on offer that's suitable for Long Term Evolution (LTE).

The auction went three rounds on the first day and racked up €117 million (US$160 million) in bids so far. The results can be found here.

The bidding started up again on Tuesday at 8:00 a.m. Central European Time for the four operators competing for the valuable airwaves: E-Plus Mobilfunk GmbH , Deutsche Telekom AG (NYSE: DT), Telefónica O2 Germany GmbH & Co. OHG , and Vodafone Germany . (See 4 Bidders in German LTE Auction and German LTE Auction Is Set.)

This is not Europe's first LTE auction. Norway and Sweden have both auctioned off LTE spectrum, although not for vast sums of money. (See Craig Goes to Norway, Swedish 4G, and TeliaSonera: We'll Do 4G in 2010.)

But the German auction can be described in lofty terms, such as a precedent-making event for the future of mobile broadband networks in Europe, because it is the first major auction among the big European markets. And with 340MHz on offer, it's the biggest spectrum auction ever for the country. (See Germany's Monster 4G Auction.)

So, it's not the first, but it's a big deal. Stay tuned for updates.

— Michelle Donegan, European Editor, Light Reading Mobile

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