Flood-hit Venice to face another exceptional high tide on Sunday
Flood-hit Venice to face another exceptional high tide on Sunday , after its worst flooding in 50 years on Tuesday caused more than $1 billion worth of damage and submerged St Mark's Square under a meter of water. © Reuters/MANUEL SILVESTRI Italian police officers patrol St. Mark’s Square after days of flooding in Venice The tide could reach 160 cm (5.25 feet) just after midday on Sunday, according to Venice's center for forecast on tides. © Reuters/MANUEL SILVESTRI A seagull eats a pigeons in St.
By Mathieu Rosemain and Sybille de La Hamaide
PARIS (Reuters) - Frances's 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.4 billion), a minister said on Sunday, significantly more than the amount previously recommended by the country's telecoms operator Arcep.
Wary of the heavy investments needed for the deployment of the new mobile technology, Arcep's president Sébastien Soriano said earlier this week that the minimum price for the sale of the spectrum should not be higher than 1.5 billion euros.
FCC chairman Pai backs public auction to free up spectrum in C-band for 5G
FCC chairman Pai backs public auction to free up spectrum in C-band for 5GWASHINGTON (Reuters) - Federal Communications Commission Chairman Ajit Pai said on Monday he backs a public auction to free up spectrum in the C-band, currently used mostly to deliver video programming to cable systems and other providers, for next-generation 5G wireless networks.
France's economy ministry has the final word on the floor price for sale.
"The floor (price) that we're proposing seems reasonable to us," Junior Economy Minister Agnès Pannier-Runacher told French newspaper Les Echos. "It's up to the government to assume its responsabilities and decide."
Arcep kicked off the long-awaited sale of 5G spectrum on Thursday, ending months of intense debate between the country's four telecoms operators and authorities on how to best deploy the new mobile technology.
Disagreements between the finance ministry and the telecoms authority over the spectrum to be auctioned and the minimum price for the 5G frequency blocs postponed the process, two sources close to the matter told Reuters this week.
For French authorities, the key issue is to find the right balance between raising cash from the sale and avoiding putting an excessive financial burden on telecoms operators so that the deploy the pricy technology fast.Germany and Italy have raised about 6.5 billion euros each through 5G spectrum auctions, an amount that shocked the industry and raised concerns among the four French telecoms operators -- Orange , Altice Europe's SFR , Iliad and Bouygues Telecoms -- whose margins are already suffering from a protracted price war.
(Reporting by Mathieu Rosemain and Sybille de La Haimade; Editing by Michel Rose)
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