Successful Conclusion of Auction of HK 5G Spectrum in 3.3GHz
The Office of the Communications Authority (OFCA) announced today (6th November 2019) that the 3.3GHz band auction that commenced on 4th November 2019 was completed today. The 100 MHz of spectrum in the band put out for auction was successfully bid for by four mobile network operators at a total of spectrum utilisation fees (SUFs) of HK$665,133,332.
The results of the auction are listed in the table below:
“The provisional successful bidders are required to pay the SUFs as specified in the table above, and to submit performance bonds to guarantee compliance with the network and service rollout requirement by 11th December 2019. The assignment of the spectrum will take effect in December 2019 with a validity period of 15 years,” the spokesman for OFCA said.
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