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TMCNet:  An auction that could put the surplus on hold

[November 21, 2012]

An auction that could put the surplus on hold

Nov 21, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Australian Communications Minister Stephen Conroy recently boasted about the large amount of control he has over frequency spectrum auctions. Conroy implied that the nation's telcos obey his every command in order to secure a chunk of the airways. However, his ability to secure an attractive price for the spectrum may be undermined by Vodafone Hutchinson Australia's threat to not participate. This would leave just Singtel Optus and Telstra to push up the price of the spectrum.

Publication Date: 22 November 2012 AUSTRALIA. DEPT OF BROADBAND, COMMUNICATIONS AND THE DIGITAL ECONOMY TELSTRA CORPORATION LIMITED - ASX TLS VODAFONE HUTCHISON AUSTRALIA PTY LTD SINGTEL OPTUS PTY LTD SINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY CISCO SYSTEMS AUSTRALIA PTY LTD GOOGLE INCORPORATED ERICSSON AUSTRALIA PTY LTD AUSTRALIA. DEPT OF THE TREASURY

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