Tuesday, May 7, 2013

Telstra is Biggest Spender in Australia's Spectrum Auction

The government of Australia raised A$1.96 billion (US$2 billion) through the auction of 700MHz and 2.5 GHz spectrum.  Telstra was the biggest spender, pledging A$1.30 billion in total.

“The spectrum purchased in the digital dividend auction and the resulting network developments will greatly advance Australia’s mobile services in coming years,” said Senator Stephen Conroy, Australia's Minister for Broadband, Communications and the Digital Economy.

“15 MHz paired of the 700 MHz spectrum, worth in the order of $1 billion, remains in the Commonwealth’s hands for now, and we intend to return it to the market in the next two or three years.



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