Hon Hai Precision Industry, known for building Apple’s iPhones, was among the successful bidders in an auction of 4G spectrum in Taiwan which raised a total of TWD118.65 billion ($4 billion).
Hon Hai bid TWD 9.18 billion ($312 million) for two licences in the lower 700 MHz and 900 MHz bands, according to the country’s telecoms regulator.
There were five other winners in the auction, which raised three times the original asking price.
Four of the winners were incumbent mobile operators. They were Chunghwa Telecom, Taiwan Mobile, Far EasTone Telecommunications and Asia Pacific Telecom.
A company backed by Ting Hsin International Group, the Chinese food processing group, was the other winner. Hon Hai, which is also known as the Foxconn Technology Group, participated via a subsidiary called Ambit Microsystems.
The country’s two smallest operators did not participate in the auction. Non-operator Shinkong Group was the one unsuccessful bidder in the auction.
The country’s regulator is releasing a total of 270MHz of spectrum in the 700MHz, 900MHz and 1800MHz bands for 4G service.