Govt sells $176 mln of 4G spectrum, mulls what to do with the rest

Tue, 29 Oct 2013

Oct. 30 (BusinessDesk) - The government has raised $176 million from selling the bulk of its 700 megahertz radio spectrum, flagged for fourth generation mobile phone use, and is still mulling what to do with the remainder. Telecom Corp and Vodafone New Zealand, the country’s major mobile phone operators, each spent $66 million on three lots of 2x15 MHz spectrum while new entrant Two Degrees Mobile bought two lots of 2x10 MHz for $44 million, Communications Minister Amy Adams said in a statement. That left one 2x5 MHz block of spectrum, whi...

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