The CTU telecoms regulator said it expects to announce a new frequency auction for mobile operators within a few months. The conditions will change, but the minimum bid price will remain the same. /Neutral, New auction terms could give PPF (4th bidder) a better position but that the delay also gives the incumbent operators more time to work to retain their customers. We originally expected the final price for frequencies could reach 1,5 times the initial price, or roughly 10 bln. CZK. We think that the aggregated sum of all bids have risen so high due to inappropriate action rules set by the regulator.