A PYMNTS Company

Thailand: Jasmine wins 4G licences for record $4.2 billion

By  |  December 21, 2015

Thailand’s third largest operator True Move and mobile newcomer Jasmine International beat out the number one and two players to win two 4G licences for a record price per megahertz, generating a total of $4.22 billion for the government.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    True won 10MHz of 900MHz spectrum with a bid of THB76.3 billion, while Jasmine won a similar block for THB75.56 billion after four days and 199 rounds of bidding by four operators. Both bids were nearly six times higher than the reserve price set by the telecoms regulator at THB12.8 billion. Analysts said the more than $2 billion True and Jasmine each bid for 10MHz of low-band spectrum was a world record per megahertz.

    Together with last month’s 1.8GHz auction, which brought in THB80.8 billion, the government has raised THB232.66 billion in the country’s long-delayed 4G auctions.

    Full content: Mobile World Live

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.