Feeds

Oz learns 3G lessons from Europe

Telecoms down under under-cut auction price

  • alert
  • submit to reddit

HP ProLiant Gen8: Integrated lifecycle automation

Australia's telecoms companies have benefited from Europe's 3G lunacy and coughed up just £0.4 billion (sterling) for the next-generation mobile service.

Rather than stack up crippling debts and put their jobs at risk, CEOs down under have paid just above the reserve price of £0.37 billion to gain access to 3G technology. Not even close to the £0.9 billion the Australian government hoped it could pocket and balance its budget with.

The auction ended on the sixth day in round nineteen when no more bids were made.

Six bidders made offers on 48 of the 58 lots available. Biggest bidder Telstra was happy with its £104 million expenditure, saying that the low prices would make the roll-out of 3G faster. Vodafone paid £87.5 million for its share, Hutchinson £67.6 million, Qualcomm 54.8 million, CKW Wireless £3.26 million.

In terms of price per head, the Australian companies paid a sixth of what was paid in Europe. But despite this Telstra's share price fell just over one per cent - the others' went up. ®

Reducing security risks from open source software

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.