Australia's Government Says Spectrum License Renewal To Raise A$3.0 Billion
February 09 2012 - 9:12PM
Dow Jones News
Australia's government expects to reap A$3.0 billion over a four
year period from a new agreement with mobile phone and wireless
companies over the renewal of spectrum licenses.
Under the deal the communications regulator will be able to
reissue licenses to existing license holders including Telstra
Corp. (TLS.AU), Singapore Telecommunications Ltd.'s (SGAPY) unit
Optus, Vodafone Group PLC (VOD) and vividwireless.
"I have carefully considered input from all interested
stakeholders and have made a final pricing direction on the value
of this spectrum," Communications Minister Stephen Conroy said in a
statement. "The prices in the direction draw on economic analysis,
discussion with industry and public consultation, and reflect the
value of each band of spectrum," Conroy said.
The cash will be a boost to government revenues and will likely
assist the minority Labor government deliver a promised budget
surplus in 2012-2013 even as the wider economy shows signs of
slowing.
-By Enda Curran, Dow Jones Newswires; 61-2-8272-4687;
enda.curran@dowjones.com
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