0158 GMT - Australia's looming auction of 700-megahertz spectrum is seen as an opportunity for an upstart such as TPG Telecom (TPM.AU) to gatecrash the established local order in mobile telecommunications there. But Goldman Sachs doesn't think it will happen. It predicts existing network operators Vodafone Hutchison Australia and SingTel-owned Optus will secure the spectrum, reducing the low-band advantage that Telstra (TLS.AU) currently has. Part of the reason Goldman doesn't expect TPG to win is the estimated A$1.9-2.5 billion ($1.4-1.9 billion) of construction costs, but the bank also highlights the spectrum license being national; TPG has focused on metro areas until now. Moreover, the license starts in April 2018. TPG shares are down 1%, cutting the month's bounce to 3.5%. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires
March 14, 2017 21:58 ET (01:58 GMT)
0158 GMT - Australia's looming auction of 700-megahertz spectrum...
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Last
$3.69 |
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| Open | High | Low | Value | Volume |
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