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Successful conclusion of auction of 5G spectrum in 4.9 GHz band
     The Office of the Communications Authority (OFCA) announced today (October 23) that 80 MHz of spectrum in the 4.9 GHz band was put out for auction and successfully bid for by two mobile network operators at total spectrum utilisation fees (SUFs) of $240 million. The results of the auction are listed in the table below:
Frequency Block Frequency Range
Provisional Successful Bidder SUF Payable
4840 - 4880 MHz China Mobile Hong Kong Company Limited $120 million
4880 - 4920 MHz Hong Kong Telecommunications (HKT) Limited $120 million
     "The provisional successful bidders are required to pay the SUFs as specified in the table above and to submit performance bonds to guarantee compliance with the network and service rollout requirement by November 27, 2019. The assignment of the spectrum will take effect in December 2019 with a validity period of 15 years," the spokesman for OFCA said.
Ends/Wednesday, October 23, 2019
Issued at HKT 16:34
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