The native regulator stated that 110 megahertz of repurposed 5G cellular spectrum was bought over a seven-day public sale
The Hong Kong authorities not too long ago secured HKD2.24 billion ($288 million) from its newest 5G spectrum public sale, Hong Kong’s Workplace of the Communications Authority (OFCA) stated in a launch.
China Cell Hong Kong acquired the utmost allocation of fifty megahertz within the 2.3GHz spectrum band for HKD1.07 billion, stated OFCA.
Hutchison Telecom adopted carefully behind, securing 10 megahertz within the 850MHz band —the utmost permitted — together with an extra 20 megahertz within the 2.3GHz band, for a complete of HKD617 million.
In the meantime, HKT acquired 20 megahertz within the 2.3GHz band, paying HKD400 million and SmarTone obtained 10 megahertz within the 850MHz band for HKD151.5 million.
In complete, 110 megahertz of repurposed cellular spectrum was bought over a seven-day public sale, divided into 11 separate blocks. OFCA famous that it’ll concern licenses for a interval of 15 years.
“The spectrum public sale implements the 2023 Coverage Tackle initiative to advertise telecommunications improvement. Other than utilizing the spectrum for continued provision of 4G cellular communications providers, profitable bidders can even re-farm related spectrum for 5G and future generations of cellular communications services-including 6G, thereby additional enhancing general service high quality and driving innovation, benefitting all residents in Hong Kong,” an OFCA spokesperson stated.
Operators have the flexibleness to both pay the total quantity upfront or go for an annual spectrum utilization price (SUF), the regulator added. “Every provisional profitable bidder is required to submit a Letter of Credit score by January 13, 2025, in full quantity to ensure fee of the SUF as specified within the desk above. The provisional profitable bidders are additionally required to submit efficiency bonds, the place relevant, to make sure compliance with the community and repair rollout requirement earlier than the precise frequency assignments take impact,” the spokesperson added.
OFCA can also be getting ready to carry one other public sale subsequent week, providing a 400 megahertz block of spectrum within the 6GHz to 7GHz vary.
In June, OFCA had introduced the outcomes of the second spherical project of the frequencies within the 26 GHz and 28 GHz bands.
The regulator had acknowledged {that a} complete of 1,200 megahertz of the spectrum was anticipated to be assigned within the third quarter of this 12 months to China Cell Hong Kong, HKT, Hutchison Phone Firm and SmarTone.
China Cell Hong Kong, Hutchinson and HKT had launched business 5G providers in Hong Kong in April 2020, whereas SmarTone, introduced the launch of economic 5G providers within the territory utilizing Ericsson’s Dynamic Spectrum Know-how (DSS) in Could 2020.
Native operators had acquired 200 megahertz of three.5 GHz spectrum in mid-October 2019. These 5G licenses are legitimate for a 15-year interval.