The Australian Communications and Media Authority (ACMA) announced the conclusion of the country’s auction of 5G suitable 3.6GHz spectrum, with four operators splashing AUD853 million ($615.4 million) in total.
In a statement, ACMA said all 350 lots available across 14 regions were sold, at a price equivalent to almost AUD0.29 per MHz, per citizen (MHz/pop).
Market leader Telstra emerged as the biggest spender, spending AUD386 million on 143 lots. TPG and Vodafone Hutchison Australia teamed up in a venture named Mobile JV, securing 131 lots for AUD263.3 million; Optus won 47 lots for AUD185.1 million; and Dense Air Australia spent AUD18.5 million on 29 lots.
Licences won from the auction will be available from March 2020, although operators could have access earlier provided that no interference is caused to existing licences. They are valid until 13 December 2030.
The regulator’s chair, Nerida O’Loughlin said the auction was designed “to maximise efficiency, competitive outcomes and the full utility of this spectrum for 5G. We consider these goals have been reflected in the auction outcome”.
Indeed, spectrum auctions and the prices operators are forced to pay have been a hot topic in recent months, particularly after Italy’s auction of 5G spectrum raised €6.5 billion, some €4 billion more than the minimum amount targeted.