Spotlight: European mobile operators take stock hit after 4G auction

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Amid concern that European mobile phone operators paid too much for 4G spectrum in the Netherlands, the firms' stock prices fell on Monday, according to the New York Times. The winning bidders--KPN, Vodafone, T-Mobile and Tele2--paid €3.8 billion, or $4.9 billion, for the privilege of suing 4G LTE spectrum to build out their high-speed networks. This was twice what investors had been expecting them to pay. Read more