Italy’s 2.4 Billion Euros ($3.5 Billion) Spectrum Sale at Risk as Broadcasters Dispute Payment

Italy, demanding to bring to an end its discrepancy, may well be frustrated in a try to raise 2.4 billion euros ($3.5 billion) by auctioning frequencies as broadcasters and phone companies resist the “chaotic” selling.

Local television channels, who occupy nearly everyone of the frequencies to be sold, say they may well repudiate to uncontrolled the spectrum if the government doesn’t offer senior compensation. Mobile- phone operators, the likely buyers, say the frequencies aren’t worth the charge if the broadcasters don’t allow immediate access.

... READ MORE