Hungary has raised 43.9 billion forints ($197 million) through a successful auction of mobile frequencies, the National Infocommunications Authority said Tuesday.

The authority held the tender to sell a 10.8 megahertz frequency band available for broadening electronic telecommunications services within the 900 MHz band.

A consortium led by state-owned electricity wholesaler MVM Zrt. was declared the winner in the A block, which covers a frequency range suitable for both Internet and voice services. The consortium bid 10 billion forints ($44.9 billion), the authority said.

The other mobile phone companies that currently operate in Hungary--Norway's Telenor ASA (TEL.OS), the U.K.'s Vodafone Group PLC (VOD) and Magyar Telekom Nyrt. (MTELEKOM.BU), owned by Germany's Deutsche Telekom AG (DTE.XE)--were awarded parts of the frequency band on offer in the less valuable B block, best suited for Internet services in rural areas. Vodafone bid HUF15.7 billion, Magyar Telekom bid HUF10.9 billion and Telenor offered HUF7.3 billion, the authority said.

Altogether, the applicants bid HUF43.9 billion.

-By Gergo Racz and Veronika Gulyas, Dow Jones Newswires; +361-267-0622; gergo.racz@dowjones.com

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