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Taiwan's 4G auction raises TWD 118.65 bln

2013-10-31 01:18:00| Telecompaper Headlines

(Telecompaper) Taiwan's 4G spectrum auction has raised TWD 118.65 billion, more than triple the reserve price. Winners include Chunghwa Telecom, Taiwan Mobile, Far Eastone Telecommunications (FET), Asia Pacific Telecom, a company backed by Ting Hsin International Group, and Hon Hai Precision Industry, Reuters reports. Hon Hai bought two licences in the 700 MHz and 900 MHz band for TWD 9.18 billion. Meanwhile, CNA writes that Chunghwa was the largest winner, securing three blocks for an estimated TWD 39.58 billion.

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