Germany’s auction of spectrum for 5G mobile networks drew brisk initial bidding with prospective new entrant 1&1 Drillisch submitting bold offers for the frequencies it covets.

Finding a special present for his girlfriend's birthday was no problem for one multi-millionaire internet whizzkid who paid R&B star Usher £50,000 (€62,518) to sing his hits and cut the cake at a London nightclub.