Hong Kong Completes 2.3 GHz Spectrum Auction

Hong Kong’s Office of the Telecommunications Authority raised a total of HK$470 million from the auction of 90 MHz of radio spectrum in the 2.3 GHz Band. Winning bidders include two existing mobile network operators and one new entrant. One additional existing operator participated in the auction but was not successful in its bid.

The auction was conducted on an Internet-based software platform and proceeded in six rounds over the course of a day.

“Over the past two years, mobile data service has continued to grow at a spectacular rate. As a result, the industry finds it necessary to continually provide for additional network capacities in order to meet the market demand. With the assignment of the radio spectrum through the spectrum auction today, the successful bidders will be able to deploy state of the art mobile broadband technologies and provide the necessary network capacities to maintain the momentum of growth of the booming service,” a spokesperson of OFTA said.
http://www.ofta.gov.hk