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Six Bidders for Colombia's 4G Spectrum Auction

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The Colombian government has received six applications for the country's forthcoming 4G license auction.

The ICT Minister, Diego Molano told the Reuters news agency that bids have been received from Avantel; DirecTV; Claro, Tigo, Colombia Telecomunicaciones and a consortium of companies led by Mexico's Azteca.

The reserve price in the radio spectrum auction has been set at US$250 million, make social donations to schools and provide services to the military.

"The government is pleased that a good number of companies are interested in taking part because that means that we put the right rules for the tender," Molano told journalists.

However, early indications had been that the government would offer seven licenses. With just six bidders, it is unlikely that the reserve fee will be exceeded by a significant amount.

The shortlist of bidders is due to be announced on the 26th June.

On the web: Reuters

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Tags: 4g license  Colombia