Movistar names 9 February for spectrum auction

30 Jan 2006

Movistar Chile will launch an auction to sell 25MHz in the 800MHz band on 9 February. The disposal is a condition of Telefonica Moviles purchase of BellSouth Chile last year and has been ordered by Chile’s antimonopoly tribunal, the TDLC. According to previous reports the minimum price for the frequencies has been set at USD30 million. Possible bidders have been named as Telefónica del Sur, VTR and GTD.