StockMarketWire.com - Telefonica has submitted winning bids for five frequency blocks in Spain's spectrum auction.

Telefonica says this will enable the company to have spectrum available in all bands assigned to mobile services.

The total cost of the blocks amounts to €668.3m with €356m due in September and the remainder in the second quarter of 2012. Telefonica Moviles Espana submitted the winning bids for:

* 2x10 MHz, of national and regional coverage, on the frequency band of 800MHz.

* 2 x 5 MHz, of national and regional coverage, on the frequency band of 900MHz.

* 2 x 20 MHz of national and regional coverage, on the frequency band of 2.6 GHz.






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