By John Oates, 4 October 2001 08:10
NEWS Xfera, one of the four winners of the Spanish 3G auction, is putting investments of E300m (£180m) on hold until 3G technology improves. The company, backed by France's Vivendi and Finland's Sonera, expected to have a network up and running by now. It is hamstrung because as a new player it has no revenue stream to fund the building of its network. Xfera's competitors Auna, Telefonica Moviles and Vodafone all run existing mobile markets. The Spanish government has refused Xfera's request for an ordinary mobile licence, the FT reports. All four licence holders are fighting the Spanish government's over last year's tax bill of E600m (£360m).
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