Feeds

Spectrum auction closes shy of $AU2 billion

Telstra, TPG, Optus buy spectrum, skip the red undies

HP ProLiant Gen8: Integrated lifecycle automation

Australia's communications minister Senator Stephen Conroy has failed to stretch his “red undies” over the government's budget deficit: the spectrum auction, for which the results have just been announced, yielded a little under $AU2 billion.

Last year, the Senator was criticised for setting an “unrealistic” floor price of $1.36 per Megahertz per population for the 700 MHz chunk of spectrum, a move that would – had all of the spectrum sold – yielded around $AU3 billion in the auction.

He was criticised even more strongly his famous remark: “If I say to you, everyone in this room, that if you want to bid next week in our spectrum auction, you had better wear red underpants on your head, I have got news for you: you'll be wearing them on your head. I have unfettered legal power.”

The Australian Communications and Media Authority has announced the results here.

Only Telstra and Optus bid for the 700 MHz spectrum. The incumbent has secured two chunks of spectrum in that band of 20 MHz each: 713 – 733 MHz and 768 – 788 MHz. Optus has taken two 10 MHz chunks, 703 - 713 MHz and 758 – 768 MHz.

In the 2.5 GHz band, Optus has taken two 20 MHz allocations (2550 – 2570 MHz and 2670 – 2690 MHz), Telstra has taken two 40 MHz allocations (2510 – 2550 MHz and 2630 – 2670 MHz), while dark-horse bidder TPG has taken two 10 MHz allocations (2500 – 2510 MHz and 2620 – 2630 MHz).

There remains 30 MHz unsold in the 700 MHz band.

As the dominant bidder, Telstra will be forking over a little over $AU1.3 billion; Optus' bids totalled nearly $AU650 million, while TPG will be signing a cheque for $13.5 million. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
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.