"MinTIC (the Colombian telecom regulator) announced the auction of the 700 MHz, 1,900 MHz and 2,500 MHz spectrum. This auction is planned to have the frequencies awarded by the end of this year. The 700 MHz frequency tender basis will include price and coverage requirements. While the 1,900 MHz and 2,500 MHz will only have a price requirement. These frequencies will be awarded for 20 years. This spectrum auction has been a need for quite some time. Further, 4G-LTE penetration in Colombia reached 16.2 million subscriptions or 33% of the population by the end of 2018. These frequencies are intended to pave the road to 5G." – Tina Lu