At the auction, organised by the NMHH on 28 January, the three service providers had the opportunity to, starting from the initial bid stated in the documentation, bid for the amount of lots it wished to acquire in the given frequency band. Magyar Telekom took 16 MHz in the 900 MHz band, and 40 MHz in the 1800 MHz band. Telenor was the highest bidder in the case of 26 MHz in the 900 MHz band, and 40 MHz in the 1800 MHz band. Vodafone acquired 18 MHz in the 900 MHz band, and 40 MHz in the 1800 MHz band.

For the spectrums purchased at the auction, the service providers shall pay 150.2 billion forints in total to the Hungarian government budget: the lots of the 900 MHz were sold for 73.8 billion forints, and the lots of the 1800 MHz for 76.4 billion forints. The entitlements are valid for fifteen years, until 9 April 2037; from the current entitlements expiration date (April 2022). The period of entitlement can be extended by five years. In connection with the auction, Monika Karas, the President of NMHH, stated that the timely sale of the bands was necessary for the continuity of Hungarian mobile services, and furthermore, during the coronavirus pandemic, mobile technology had become even more paramount.

To the auction of the 900 MHz and 1800 MHz frequency bands currently in use, Magyar Telekom Nyrt., Telenor Magyarország Zrt. and Vodafone Magyarország Zrt. handed in their application on 10 November 2020. Based on the results of the evaluation of formal validity, the NMHH admitted the three applicants into the auction register on 17 December.

The bidding requiring personal participation is the section of the highest priority of the process. Due to the pandemic, it had to be held under special conditions. The NMHH ensured the strict and general medical supervision of the bidding process at the location, and provided all the participants with the necessary protective equipment. In order to help prepare the participants, the NMHH organised a test auction on 26 January, where – in addition to what was stated in the documentation of the auction procedure – the representatives of the service providers could familiarise themselves with the bidding location and process, the Bid Support system assisting the auction, and the special environment and rules adopted due to the pandemic.

The European harmonisation of the frequency bands 900 MHz and 1800 MHz was conducted in the 1990s, which brought worldwide success not only to the stakeholders of the European mobile communication industry, but also to the consumers and users.