Thailand raises US$1.4 billion in long-awaited 3G mobile auction
AFPBANGKOK -- Thailand raised 41.6 billion baht (US$1.4 billion) Tuesday in a long-awaited auction of third-generation (3G) mobile telephone operating licenses, regulators said.
October 18, 2012, 11:37 am TWN
Leading telecom firms Advanced Info Service, Total Access Communication (Dtac) and True Move all secured licenses in the sale, which critics tried to block because of fears of a lack of competition in the bidding.
A business dispute meant that as other nations move to introduce faster 4G technology, Thailand has yet to roll out a proper 3G service, more than a decade after it was first launched in Japan.
The government sold all 45 megahertz of bandwidth on offer. It had set a minimum price of 4.5 billion baht for each five-megahertz block.