ComCom clears Telecom to acquire final block of spectrum
Telecom has been granted clearance by the Commerce Commission to acquire the management rights for the final block of 5MHz radio spectrum in the 700MHz range.
Telecom has been granted clearance by the Commerce Commission to acquire the management rights for the final block of 5MHz radio spectrum in the 700MHz range.
Telecom will begin trialling its high-speed 4G data network over the 700 MHz spectrum next month, alongside partner Huawei Technologies.
Telecom has outbid Vodafone, becoming the successful bidder in the government’s “digital dividend” auction of the final 2x5 MHz lot of 700 MHz radio spectrum.
Broadcasters and the mobile industry had different takeaways about the level of demand for spectrum in Australia after the government failed to sell all of the 700MHz spectrum in the Digital Dividend auction.
Bidding in next week’s Digital Dividend auction is crucial for Telstra and SingTel Optus to stay competitive even though it is likely to negatively impact their credit ratings, according to a financial analyst at Moody’s.