5GG 1.85% 5.3¢ pentanet limited

https://www.crn.com.au/news/telstra-optus-shell-out-more-than-200...

  1. 18,261 Posts.
    lightbulb Created with Sketch. 3794
    https://www.crn.com.au/news/telstra...an-200m-each-for-high-band-5g-spectrum-563729

    Telstra, Optus shell out more than $200m each for high-band 5G spectrum



    Telstra, Optus, TPG Telecom, Pentanet and UK-based Dense Air have acquired parts of the high-band 5G spectrum.

    The telcos won spectrum for the 26 GHz band through an auction held by the Australian Communications and Media Authority (ACMA).
    This is the second 5G spectrum auction after the 3.6 GHz band spectrum auction in late 2018.



    Telstra shelled out the most money with $276.6 million for 150 lots, followed by Optus, which spent $226 million for 116 lots. TPG Telecom, though the pre-merger joint venture of TPG and Vodafone called Mobile JV, spent $108 million for 86 lots.
    UK-headquartered Dense Air, which also acquired spectrum in 2018, won 2 lots for $28.7 million, while Perth-based NBN reseller and fixed wireless provider Pentanet won 4 lots for $7.9 million.

    “This outcome represents another significant milestone for 5G in Australia. The successful allocation of this spectrum will support high-speed communications services in metropolitan cities and major regional centres throughout Australia,” ACMA chair Nerida O’Loughlin said.


    “This auction is one among a suite of licensing approaches that the ACMA has introduced in the 26 GHz and 28 GHz bands to encourage a wide range of innovative communications uses.”

 
watchlist Created with Sketch. Add 5GG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.