Greek authorities on Monday successfully auctioned a new range of radio frequencies (in the range between 900 and 1800 MHz) to the country's three mobile telephony operators Cosmote, Vodafone and Wind, raising more than 380 million euros.

The National Commission of Telecommunications and Posts (EETT) successfully completed the auction procedures, which raised 181.7 million euros from the first stage of the procedure and an additional 198,835,000 euros from the second stage. EETT said Cosmote acquired four sections in the 900 MHz zone and two sections in the 1800 MHz zone for 118,833,000 euros, while Vodafone acquired six sections in the 900 MHz zone and two in the 1800 MHz zone for 168,502,000 euros. Wind acquired four sections in the 900 MHz zone for 93,200,000 euros.

The tender procedure began in January 2011, based on a tight time schedule and the European regulatory framework. EETT said the auction ensured adequacy in options and price competitiveness and promoted the development of new wireless technologies and services and 3G networks in the country.