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JENNY RUTH: Of cryptocurrencies, tulips, Elon Musk and Janet Yellen

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Economy

Govt forsakes financial gain to facilitate faster 5G

Rebecca Howard
Thu, 25 Jun 2020

Rebecca Howard
Thu, 25 Jun 2020
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The allocation of early access rights in the 3.5 gigahertz band for 5G services will be cheaper for telcos than it would have been pre-covid, but the government is willing to take the revenue hit if it means rolling out the service. The government had planned to auction off spectrum for the early-access stage of 5G, but canned the idea when the covid-19 pandemic hit, instead allocating blocks to Dense Air, Spark New Zealand and Two Degrees Mobile. Vodafone NZ had enough spectrum to press ahead with its own plans.  A second auction is stil...

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When a single Bitcoin has such a high and wildly fluctuating value, can it actually serve such a function?

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