Mobile firms spend big bucks for a piece of Dutch 4G market

12/17/2012 | New York Times (tiered subscription model), The

Mobile operators in the Netherlands shelled out more than twice as much money as expected in 4G auctions that closed on Friday, pushing stocks down and raising the prospect of higher infrastructure fees when European governments begin handing out Long-Term Evolution licenses. The Dutch auction generated nearly $5 billion in proceeds, and forced KPN -- which emerged as one of the winners -- to cancel its dividend for 2012.

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New York Times (tiered subscription model), The

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