UDPATE: Telecom cleared to buy last 4G spectrum lot

Thu, 29 May 2014

(Adds comment throughout) By Paul McBeth May 30 (BusinessDesk) - Telecom Corp., New Zealand's second-biggest mobile phone operator, has been cleared to buy the final lot of 700 megahertz radio spectrum, flagged for fourth-generation mobile use, after proposed government allocations made it unlikely Two Degrees Mobile would gain any benefit if it managed to acquire the spectrum. The Commerce Commission approved the sale, saying Telecom's acquisition was unlikely to substantially lessen competition because the unused block wasn't placed...

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