The government announced that all spectrum on offer in the unallocated 700 MHz spectrum band was sold in a competitive auction for a total of $1.55 billion.

13 April 2017

The government announced that all spectrum on offer in the unallocated 700 MHz spectrum band was sold in a competitive auction for a total of $1.55 billion.

TPG purchased the 2 x 10 MHz lot for $1.26 billion and Vodafone Hutchison Australia (VHA) the 2 x 5 MHz lot for $285.9 million.

The highly valuable 700 MHz spectrum band supports mobile broadband services across Australia and will allow TPG and VHA to offer customers high-speed 4G mobile voice and data coverage.

The Australian Communication and Media Authority (ACMA) held the auction on behalf of the government following strong interest from carriers seeking access to premium spectrum to meet customer demand for high-speed mobile data services. The licences will commence on 1 April 2018 and expire on 31 December 2029.

Read the Minister's media release or find out more about the 700 MHz spectrum auction on the ACMA website at www.acma.gov.au/.