“There is a time when we are going to have to create jobs in this country, so we need foreigners and investors to come here.”
France plans to hold its highly anticipated 5G spectrum auction in late September after several delays, notably due to the coronavirus epidemic.
Germany and Italy have already raised billions of euros through 5G spectrum auctions, which raises questions in France about the amount the French state will seek to raise.
Orange (ORAN.PA), Altice Europe’s SFR (ATCA.AS), Bouygues Telecom (BOUY.PA) and Iliad, the four main French telecoms operators, were drawn into a prolonged price war which weighed on margins.
Report by Gwenaelle Barzic; Writing by Maya Nikolaeva, Edition by Sarah White and Jane Merriman
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