Taiwan has raised NT$27.93bn (US$846.69m) in its auction of six blocks of LTE-suitable spectrum in the 2.5 GHz – 2.6 GHz bands. Total proceeds surpassed the government floor price by 93%, according to the National Communications Commission.
Taiwan has raised NT$27.93bn (US$846.69m) in its auction of six blocks of LTE-suitable spectrum in the 2.5 GHz – 2.6 GHz bands.
The total proceeds surpassed the government’s floor price by 93%, the National Communications Commission (NCC) said in a statement. The floor prices ranged between NT$700m and NT$3.5bn.
Four of Taiwan’s five national mobile network operators secured frequencies, with the exception being Taiwan Mobile, which dropped out in late November.
Largest operator Chunghwa Telecom spent the most – NT$9.96bn (US$301.6m) – followed by Far EasTone Telecommunications, which shelled out NT$9.13bn (US$276.73m). Taiwan Star spent NT$6.62bn (US$200.65m) and Asia Pacific Telecom NT$2.23bn (US$67.6m).
NCC planning department director Wang De-wei said the auction results fell within its estimated range.