The Netherlands has raised 3.8 billion euros from an auction of LTE-compatible spectrum. The figure was far higher than the 400 million to 500 million euros budgeted by the government.
Vodafone said it will invest 1.38 billion euros in the spectrum, while KPN will spend 1.35 billion euros. Deutsche Telekom's T-Mobile will pay 910 million euros and Tele2, a new entrant to the Dutch mobile market, will invest 160 million euros. source: Dow Jones Newswires article