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Telstra blocked from Australia's next 700 MHz airwaves auction

Dec. 19, 2016 11:02 AM ETTelstra Group Limited (TLGPY) StockVOD, TLGPYBy: Jason Aycock, SA News Editor
  • Australian incumbent telecom Telstra (OTCPK:TLSYY +0.5%) has been barred from the country's next 700 MHz spectrum auction following restrictions on any single holdings of airwaves.
  • Telstra had taken 2x20 MHz of 700 MHz frequencies in a 2013 auction, in which 2x15 MHz had gone unsold.
  • Now with the Australian government trying to resell that spectrum, comms minister Mitch Fifield has capped the amount of 700 MHz spectrum any single operator can hold to 2x20 MHz, the level that Telstra is at already.
  • Vodafone Australia (VOD -0.2%), which skipped the 2013 auction and planned to favor its own 1800-MHz spectrum for 4G, may take a new look at the currently unsold frequencies.

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