Argentina says received bids of $2.2 bln for 3G, 4G licenses
BUENOS AIRES Nov 1 (Reuters) - Argentina has received bids worth $2.2 billion in an auction for third-generation (3G) and fourth-generation (4G) licenses, the government said on Saturday, part of a push to improve cellular telephone and internet services in the South American country.
The amount bid for the communications frequency licenses was 14 percent above the $1.97 billion minimum set by the government for the auction.
Bidders included Movistar, a unit of Spain's Telefonica , Personal, controlled by Telecom Argentina ; Claro, owned by Mexican group America Movil ; and Airlink.
Details of the offers will be made public later this month when the auction results are announced, according to a statement from the government.
(Reporting by Eliana Reszewski and Jorge Otaola; Editing by Raissa Kasolowsky)
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