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

 |  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.

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

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