5G auc­tion sched­uled

The Cairns Post - - BUSINESS -

THE 5G spec­trum auc­tion is to kick off on Novem­ber 20, with the Fed­eral Govern­ment stick­ing to its com­mit­ment of quickly get­ting the as­set into tel­cos’ hands.

It will es­sen­tially be a twohorse race be­tween Tel­stra and merger part­ners TPG Tele­com and Voda­fone Hutchi­son Aus­tralia, who are jointly bid­ding for the spec­trum.

The Aus­tralian Com­mu­ni­ca­tion and Me­dia Au­thor­ity will put 125 mega­hertz of avail­able spec­trum in the 3.6 gi­ga­hertz band on the block.

Each bid­der is al­lowed to buy 60 mega­hertz of the spec­trum in met­ro­pol­i­tan ar­eas and 80 mega­hertz in re­gional ar­eas.

The Govern­ment has al­ready set a rel­a­tively low re­serve price, with the full lot priced at around $185 mil­lion.

Ac­cord­ing to the guide­lines set by ACMA, the 5G spec­trum li­cences must be al­lo­cated within 12 months of the auc­tion.

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