Last year the Federal Government announced it would be auctioning off two 15 MHz lots of the 700 MHz spectrum, used to provide 4G mobile broadband. Today, the w
inning bids for the auction have been announced, with TPG and Vodafone snapping it up.
TPG picked up two lots of 10 MHz for $1,260,161,000 (that’s $2.75/MHz/pop) and Vodafone bought two lots of five MHz for $285,907,000 (at the reserve price of $1.25/MHz/pop).
Welcome to the wireless game TPG.
On another note it’s good to see Voda stay true to their promise. The new spectrum purchase should, in a large way, help improve their current network reliability and congestion.