German 3G auction reduces minimum bid

German regulators have reduced the minimum bid increment in an attempt to keep their auction for UMTS (Universal Mobile Telecommunications System) licences going, after one of the seven bidders dropped out of the race.

German regulators have reduced the minimum bid increment in an attempt to keep their auction for UMTS (Universal Mobile Telecommunications System) licences going, after one of the seven bidders dropped out of the race.

Offers now have to jump by 5% per round, as opposed to 10%, said a spokesman for the Regulatory Agency for Telecommunication and Post.

Debitel and SwissCom, who had bid together as the consortium Debitel Multimedia GmbH, said in a statement they would negotiate with other licence holders to offer UMTS services, after dropping out of the auction on Friday.

The sum of high bids stood at 78.9 billion marks ($US36.5 billion) after round 140 of the bidding Tuesday morning.

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