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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Handcuffed IMF chief charged in sex assault case | 3:03am EDT Handcuffed IMF chief moved from New York police unit 15 May 2011 IMF chief New York court appearance postponed 15 May 2011 Israel-Palestinian violence erupts on three borders 15 May 2011 Sex, lies and the reckless choices of the powerful 15 May 2011 Discussed 131 Son says bin Laden sea burial demeans family: report 88 Texas county official says ”stupid” feds sparked fire 73 Israel-Palestinian violence erupts on three borders Watched Strauss-Kahn shockwave hits France Sun, May 15 2011 Fire ants form rafts to defy floods Tue, Apr 26 2011 Boot camp for rebels in Libya Sun, May 15 2011 France wants $3.5 billion for its 4G frequencies Tweet Share this PARIS (Reuters) - France hopes to get at least 2.5 billion euros ($3.53 billion) for the fourth-generation (4G) wireless frequencies it plans to grant to telecom operators in an upcoming auction, Industry minister Eric Besson told Le Figaro. France... Email Print Related News Euro slumps to seven-week low as IMF chief arrested 2:21am EDT UPDATE 4-Telefonica Q1 falls short on weak Spain Fri, May 13 2011 Greece needs more measures to meet bailout terms: EU Fri, May 13 2011 IMF warns EU debt crisis may still spread to core Fri, May 13 2011 Risky assets rebounds as commodity scare eases Thu, May 12 2011 Analysis & Opinion Arbitrage in Bordeaux Pakistan and questions over foreign aid Related Topics Technology Home » Stocks PARIS | Mon May 16, 2011 3:19am EDT PARIS (Reuters) - France hopes to get at least 2.5 billion euros ($3.53 billion) for the fourth-generation (4G) wireless frequencies it plans to grant to telecom operators in an upcoming auction, Industry minister Eric Besson told Le Figaro. France is in the final stages of setting terms for the auction of fourth-generation mobile spectrum, which will shape the competitive landscape of Europe's third-largest telecom market for years to come. The government had previously said it wanted to receive at least 2 billion euros from the auction but Besson said the new higher amount matched those of similar auctions the United States, Sweden and Germany. "France must not sell its frequencies at cut-price levels," Besson said in the interview published on Monday. Besson added the auction would be split into several lots in order to prevent deep-pocketed bidders such as France Telecom from buying the majority of frequencies and gaining a major advantage over smaller players like Bouygues and new mobile entrant Iliad. The 4G frequencies being sold are of two types. There are four lots up for grabs in the 800 megahertz band, which is more sought after for its ability to carry massive debits over long distances. Besson said the minimum price the government would accept for the lots in the 800 band will be 1.8 billion euros. Then there is the 2.6 gigahertz band where there is more frequencies available, but given their lower quality will be sold for a lower price. Besson said the government had set a minimum price of 700 million euros for these frequencies. Asked about the timeframe of the auction, Besson said the government would launch the official bidding process in June, then bids would be submitted in September. The decisions on the bids would be made in October for the 2.6 gigahertz band, and November for the 800 megahertz band. ($1=.7083 euros) (Reporting by Matthias Blamont and Leila Abboud; Editing by Mike Nesbit) Technology Home Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. 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