Bidders at the UMTS Auction Approach DM 90 Billion
The highest bid for a small license in the amount of almost DM 15 billion (US $7 billion) was submitted by the e-plus/Hutchison bidding group in the 151st round. The syndicate is still trying to acquire a small UMTS license. Rudolf Boll from the Telecommunications and Postal Regulation Authority, which is holding the auction, explained to de.internet.com, "A so-called small frequency package is able to connect fewer end customers and does not offer a particularly broad bandwidth." UMTS is the technological standard for the third generation of mobile communications and it allows for easy mobile Internet access through broadband broadcasting.