Thailand to re-launch 900 MHz spectrum auction on 24 June

News Wireless Thailand 4 APR 2016
Thailand to re-launch 900 MHz spectrum auction on 24 June

Thailand's National Broadcasting and Telecommunications Commission has announced it will hold a new auction round for the 900 MHz spectrum licence on 24 June, Bangkok Post reports. NBTC's telecom committee has decided that the reserve price for the 900MHz auction will start from Jas Mobile Broadband's winning price of THB 75.7 billion, which will than rise by increments of 152 million.

NBTC secretary-general Takorn Tantasith insisted that the reserve price for the new auction of the 900MHz spectrum started at JAS's winning bid. Interested bidders are required to submit a guarantee equivalent to 5 percent of JAS's winning price of THB 75.65 billion, that is THB 3.78 billion. Bidders will also have to pay the NBTC an additional THB 11.35 billion if they fail to make the licence payment. The regulator can confiscate the guarantee of THB 3.78 billion plus the compensation in case the licence winner fails to make the payment.

"In the worst-case scenario, if the re-auction sees another bid winner defaulting, we will get at least 15.13 billion baht, or 20% of JAS's winning price", Takorn Tantasith said. The telecom committee will submit the final draft for the 900 MHz re-auction to the NBTC's board on 5 April for approval, he added.

All interested bidders are allowed to participate in the new auction, with the exception of JAS. If the new auction round fails to attract any bidders, the NBTC plans to suspend the auction for one year. Interested bidders will be able to purchase the bidding documents between 13 May and 12 June, and submit them on 13 June, together with the guarantee of THB 3.78 billion.

Categories:

Mobile

Countries:

Thailand

Tags:

Government telecommunications licensing, Wholesale

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