Telcos Fork Out $852M For Oz 5G Spectrum
Telstra, TPG Telecom and Vodafone Hutchinson Australia have reportedly paid one of the world’s highest prices for 5G spectrum, with the Australian Communications and Media Authority (ACMA) raking in over $800 million.
According to The Australian, the ACMA has collected $852 million from the sale of 3.6 GHz band spectrum – widely seen as the optimum band for 5G service deployment.
Telstra reportedly paid $386 million for 143 lots of spectrum, whilst the joint venture TPG-Vodafone snared 131 lots for $263 million.
Optus picked up 47 lots in regional Australia for $185 million, after being excluded from the metropolitan spectrum auction due to its existing large holdings.
UK-based Dense Air also purchased 29 spectrum lots for $18 million.
The final auction price is said to have throttled past the ACMA’s reserve, and is among the highest prices paid for 5G spectrum in the world.
The ACMA reportedly set a reserve price of $185 million for the full 350 lots of 125MHz of spectrum – i.e. 8 cents per megahertz per population.
By contrast, the average price paid by the telcos has notched ~29 cents per megahertz per population.