Another NT$4.11bn spent in 5G auction - News Summed Up

Another NT$4.11bn spent in 5G auction


By Kao Shih-ching / Staff reporterChunghwa Telecom Co (中華電信) and Far EasTone Telecommunications Co Ltd (FET, 遠傳電信) yesterday spent an additional NT$4.11 billion (US$135.2 million) combined to secure optimal 5G bandwidth, boosting the nation’s 5G auction total to NT$142.19 billion. The auction price was the world’s third-highest after Germany and Italy, which raised 6.55 billion euros each through 5G bandwidth auctions. The nation’s biggest telecom has spent NT$48.37 billion to win bandwidth in the 5G auction, company data showed. FET plans to launch 5G service in the third quarter. Taiwan Mobile and Taiwan Star spent NT$30.65 billion and NT$19.7 billion respectively in the two phases respectively, companies data showed.


Source: Taipei Times February 21, 2020 15:56 UTC



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