The Total Price of Frequency Lots Triples in the First Five Hours of the First Frequency E-Auction
In compliance with Telecom Ministry’s Order No. 159 dated 13 May 2015, Roscomnadzor is holding Russia’s first-ever e-auction of frequencies in the 1800 MHz band. The winners will be able to develop LTE networks in the band commonly used for G2 GSM voice communications.
The auction offers 10 frequency band lots in 9 regions of Russia. The starting price of each lot is based on a formula accounting for each region’s social and economic parameters. The total starting price of all the lots was RUR 1,033.6 billion. The trading is being held on the Sberbank AST electronic trading platform.
For the first time, the frequency distribution auction is technology-neutral.
The trading is quite active, especially for lots with high frequency capitalization potential. During the first five hours of trading, the total price of all the lots nearly tripled, reaching RUR 2,968.3 billion by 2 pm.
Time of the publication: 29.09.2015 17:10
Last modified: 29.09.2015 17:10