Argentina says received bids of $2.2 billion for 3G, 4G licences

Argentina has received bids worth $2.2 billion in an auction for third-generation (3G) and fourth-generation (4G) licenses, the government said on Saturday, part of a push to improve cellular telephone and internet services in the South American country. The amount bid for the communications frequency licenses was 14 percent above the $1.97 billion minimum set by the government for the auction.
Bidders included Movistar, a unit of Spain's Telefonica, Personal, controlled by Telecom Argentina; Claro, owned by Mexican group America Movil and Airlink.