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Telecom NZ Wins 700 MHz Spectrum Bid

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Telecom New Zealand has won the bid for the final 2×5 MHz lot of 700 MHz radio spectrum, the government announced. Telecom chief executive Simon Moutter said the fourth lot of spectrum will help improve the speed and capacity of Telecom’s 4G mobile network, including in the less densely populated areas.

Telecom bid NZD 83 million for the final lot, in addition to the total of NZD 66 million spent on the three lots in the initial auction round. The purchase of the fourth lot is conditional upon approval from the Commerce Commission. ORIGINAL POST AT TELECOMPAPER

Wahengbam Rorrkychand

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