Auction design in the recent Portuguese 5G auction – what went wrong?

The recently concluded Portuguese 5G auction is a good example of why auction design matters. The auction sold off 58 lots across six frequency bands. The auction concluded on the 27th October, after 200 days and 1,727 bidding rounds.

We have identified three main points that went wrong as a direct result of the auction design:

You can read about each of the three errors below, or click on the following link to access a downloadable copy.

Please reach out to Neil Gallagher or Julie Runge Jørgensen if you have anything you would like to discuss related to this topic.