The Swedish telecom market used to be dominated by the state monopoly Televerket. However the market was deregulated and three main companies became the main players alongside a number of smaller operators. These three companies are TeliaSonera, Telenord and Tele 2.
Sweden completed the first stage of its 700 MHz auction, raising SEK 2.82 billion. Telia as well as the Net4Mobility joint venture of Tele2 and Telenor each acquired blocks of 2x10MHz, while the third bidder, 3 Sweden, did not acquire any of the spectrum, the regulator PTS announced. The winning companies will be able to bid for exact positions in the FDD spectrum in a second stage of the auction.
Telia said it will use the spectrum to expand its nationwide mobile coverage and start the launch of 5G services. In line with the coverage obligations in the licences, the company said it will continue to aim for “Sweden’s by far best quality and coverage”. Tele2 and Telenor announced that in conjunction with acquiring the new spectrum, they have agreed to expand their joint venture to include the launch of nationwide 5G services.
The Swedish Post and Telecom Authority (PTS) is the regulatory agency that monitors the electronic communications and postal sectors in Sweden.
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. Sweden is a member of the European Union although it remains outside the Eurozone because of concerns over its impact on the country’s economy, welfare system, and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output.
GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Swedish economists expect economic growth to ease slightly in the coming years as this investment subsides. Global economic growth boosted exports of Swedish manufactures further, helping drive domestic economic growth. Swedish prices and wages have grown only slightly over the past few years, helping to support the country’s competitiveness.
In the short and medium term, Sweden’s economic challenges include providing affordable housing and successfully integrating migrants into the labor market.