ChinaWirelessNews.com provides wireless news for mobile I.T. professionals in China!


  • Home
  • About Us
  • Contact Us
  • Join



Hong Kong's Radio Spectrum Auction For Broadband Wireless Services Concludes

2009-01-28 by ChinaWirelessNews.com Editor | Print | Email Email

Hong Kong's Office of the Telecommunications Authority announced that the auction of radio spectrum in the 2.3 GHz and 2.5 GHz bands has been completed, with Genius Brand, CSL, and China Mobile as big winners bidding a total of HKD1.5 billion.

The three companies successfully bid for a total of 90 MHz of radio spectrum in the 2.5 GHz band for a total of spectrum utilization fee of HKD1.5 billion dollars. Genius Brand Limited bid for 30 MHz of the 2500-2515 MHz paired with 2620-2635 MHz for a spectrum utilization fee of HKD518 million. CSL Limited bid for 30 MHz of the 2540-2555 MHz paired with 2660-2675 MHz for HKD523 million. Finally, China Mobile Hong Kong Company Limited also gained 30 MHz of the 2555-2570 MHz paired with 2675-2690 MHz for HKD494.7 million.

OFTA started inviting applications for the spectrum on October 3, 2008, and five companies submitted their initial applications by the deadline on December 16, 2008. The spectrum auction then started from January 12, 2009, with Genius Brand, CSL, and China Mobile beating out the other two unnamed companies.

These three successful bidders are now required to pay the upfront spectrum utilization fee, to submit a performance bond of HKD150 million and to comply with other necessary regulatory requirements within 30 business days after the publication of the provisional successful bidder notice.

Interestingly, this was the first time that the spectrum auction was conducted on an Internet-based software platform by the OFTA. With the use of a simultaneous multiple round ascending auction format, all the 12 frequency bands were auctioned simultaneously over multiple rounds. The spectrum utilization fee payable for the use of each frequency band was determined by the highest valid bid for that frequency band in the auction.

Find more stories about: auction, bid, broadband, Broadband Wireless Access, BWA, China Mobile, CSL, Genius Brand, Hong Kong, Internet, mobile, Office of the Telecommunications Authority, OFTA, Software, Telecom & Wireless, Wireless

  • BlinkList


1 Star2 Stars3 Stars4 Stars5 Stars (average: 4.00 out of 5)
Loading...




Related Posts

  • Hong Kong Telecommunications Service Auction Planned For Early 2011Hong Kong Telecommunications Service Auction Planned For Early 2011
  • HTC Reports Net Profit Of NTD2.76 Billion In Q2 2014HTC Reports Net Profit Of NTD2.76 Billion In Q2 2014
  • Internet Auction Will Decide Who Wins Radio Spectrum Bids In Hong KongInternet Auction Will Decide Who Wins Radio Spectrum Bids In Hong Kong
  • China Mobile Teams With South Korea’s KT For 4G International Roaming ServicesChina Mobile Teams With South Korea’s KT For 4G International Roaming Services
  • Social Media Messaging Causes China Mobile’s First Annual Profit DropSocial Media Messaging Causes China Mobile’s First Annual Profit Drop
  • Hong Kong Concludes Bids For Radio Spectrum AuctionHong Kong Concludes Bids For Radio Spectrum Auction
  • Hong Kong Telecom Operators Publish Mobile Service StatsHong Kong Telecom Operators Publish Mobile Service Stats
  • Hong Kong Aims To Be Wireless City With New Radio Spectrum BidsHong Kong Aims To Be Wireless City With New Radio Spectrum Bids
  • Alibaba Acquires Cloud Storage Software Firm In ChinaAlibaba Acquires Cloud Storage Software Firm In China
  • BlueFocus Acquires Stakes In Two Chinese Mobile Ad CompaniesBlueFocus Acquires Stakes In Two Chinese Mobile Ad Companies






Leave A Comment:



Get Our Email Newsletter

Email:


@ChinaWireless on Twitter






Upcoming Tech Events



Other China News


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


ChinaRetailNews.com:

Molex Releases USB Smart Modules to Assist Connectivity Within Vehicles

Nordic's nRF52840 multiprotocol SoC is now Thread certified and enables simultaneous Thread and Bluetooth 5 connectivity for the first time

Fujitsu Hong Kong Awarded Standing Offer Agreement to Supply IT Professional Services to the Government of HKSAR

New “Art in MTR” Exhibition Spreads the Message of Love Through Paintings and Photos by Talented Lady with Autism


Visit these other China sites: ChinaRetailNews.com | ChinaTechNews.com | TechSecurityChina.com | China Sourcing News

©Copyright 2008-2019 ChinaWirelessNews.com. A service of Asia Media Network.   Contact Us | About Us | Terms & Conditions | Corrections and Disclosure | Privacy Policy Get the ChinaWirelessNews.com RSS/XML Feed