Australian govt reaches licence renewal compromise

Friday 10 February 2012 | 01:59 CET | News
The Australian government has reached a licence renewal price compromise that ends a dispute with the mobile operators. The deal follows the announcement of caps on the amount of spectrum operators can bid on in the upcoming digital dividend auction. The industry had sought to avoid having both processes running in parallel as this would mean large capital outlays at the same time. The first spectrum renewal payments of around AUD 1 billion are due from Telstra and Vodafone in June 2013, which is less than the companies feared last year, The Australian Financial Review writes citing unnamed

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Categories: Mobile & Wireless
Companies: Telstra / Vodafone
Countries: Australia
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