Australia completes first millimeter wave auction, 5 companies receive licenses

According to foreign media, Australia has completed the auction of 360 spectrums in all 27 geographic regions, with the government earning A$647.6 million. A total of five companies have obtained licenses for the 26GHz band. The Australian Communications and Media Authority (ACMA) said that all but two of the lots have been sold.

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It is reported that Telstra won 150 spectrums for A$276.6 million, Optus won 116 spectrums for A$226.2 million, and Telecom purchased 86 spectrums for A$108.2 million. In addition, Pentanet and Dense Air also purchased a certain amount of spectrum. The chairman of ACMA said that this auction is an important milestone for Australia's 5G. These spectrums make high-speed communication services possible in large cities and major regional centers.

Telstra is the largest telecommunications company in Australia. It is the only state-owned enterprise owned by the Commonwealth of Australia. It is Australia's leading telecommunications and information service provider and a high-tech enterprise with rich Internet experience. It is committed to the development and promotion of Internet value-added services and Internet shopping. Telstra is one of the most profitable telecommunications companies in the world. It is Australia's leading full-service telecommunications operator, with businesses spanning wired communications, ADSL, HFC, satellite, CDMA and GSM digital mobile networks, and is Australia's leading ISP. Its market capitalization ranks 11th in the world's telecommunications industry and 49th in the world's largest companies. It is a listed company on the Australian, New Zealand and New York stock markets. The Australian government plans to auction 5G spectrum in the 900MHz band in the second half of this year, which it calls critical to further expanding geographic coverage.