Taiwan Raises $4 Billion from Radio Spectrum Auction
Published on: 31st Oct 2013
Note -- this news article is more than a year old.
Taiwan's telecoms regulator has revealed that the country's mobile networks collectively bid NT$118.65 billion (USD4 billion) for radio spectrum far in excess of the NT$35.9 billion reserve price.
Spectrum was being offered in the 700Mhz, 900Mhz and 1800Mhz bands and bidding lasted 40 days and 393 rounds.
The regulator, the NCC revealed that the biggest bidder was Chunghwa Telecom, which paid NT$39.08 billion for radio spectrum in both the 900MHz and 1800Mhz bands.
Far EasTone and Taiwan Mobile both bid for radio spectrum in the 700MHz and 1800MHz bands for NT$31.31 billion and NT$29.01 billion respectively.
However, the big surprise was the bidding by Hon Hai (Foxconn) subsidiary, which paid NT$9.18 billion for spectrum in the 700MHz and 900MHz bands It's not clear why the Apple assembly partner wants to get into mobile phone service provision.
Star Mobile Telecommunications and Asia Pacific Telecom also picked up lots in the auction.
On the web: NCC