One.Tel mobile spectrum up for sale

14 Jul 2004

The liquidators of failed telco One.Tel are trying to offload the mobile spectrum licences it bought in September 1998. The sale, which closes on 30 August, is expected to raise between AUD50 million and AUD80 million; One.Tel originally paid AUD532 million for the concession. The licences cover greater Sydney, Brisbane, Melbourne, Adelaide and Perth, and expire between 2013 and 2015. One.Tel went into administration in June 2001; at the time it was Australia’s fourth largest telco. Its main business was as a reseller but it had also commissioned Lucent Technologies to construct a national mobile network. The liquidators had held off selling the licence because of the poor state of the market for telecom assets.