Taiwan’s auction of spectrum in the 2.6-GHz band has drawn to a close after 142 rounds, raising 27.93 billion Taiwanese dollars (€775 million), the country’s telecom regulator announced earlier this week.
The final total was 93.9% higher than the reserve price, the National Communications Commission (NCC) revealed in a Chinese-language statement on its Website.
Four companies picked up six lots of spectrum.
The biggest spender was Chunghwa Telecom, which successfully bid NT$9.96 billion for two blocks, while rival Far EasTone also acquired two blocks for NT$9.13 billion.
Taiwan Star and Asia-Pacific Telecom won one lot each, paying NT$6.62 billion and NT$2.23 billion respect ively.
The other participant, Taiwan Mobile, dropped out of the contest a couple of weeks ago.
The NCC explained that the final total was reached after 140 rounds of bidding. In accordance with auction rules, the contest was stopped after two more rounds in which no new bids were lodged.
